Vodafone in talks to sell Verizon Wireless stake

Written by: Samantha Tomaszczyk
Vodafone in talks to sell Verizon Wireless stake

Shares in Vodafone rose 8.5 per cent following Vodafone’s confirmation of talks with Verizon Communications

Vodafone has confirmed it is in discussions with US telecoms company Verizon Communications regarding the sale of its 45 per cent stake in its wireless division.

Responding to press speculation, Vodafone said it did not know whether an agreement would be reached over the sale of its stake, estimated to be worth $100 billion (£64.5 billion).

Shares in Vodafone rose 8.5 per cent in response to the announcement.

Vodafone said: “Vodafone notes the recent press speculation and confirms that it is in discussions with Verizon Communications Inc. regarding the possible disposal of Vodafone’s US group whose principal asset is its 45% interest in Verizon Wireless.

“There is no certainty that an agreement will be reached.”

Leave a Reply

To advertise on this site, call 0203 122 0872

Recent Comments

There is a lesson in this somewhere - !...
See the lack of tacky armour - that's why I make the big bucks short stuff...
MSE should refund £20 plus consequential losses to customers who followed its recommendation, which incidentally MSE expected to be paid for. 20,000 new customers in the last month - where did t...
I'm not sure I'd unreservedly accept everything Ovivo alleges there. There were obviously good enough back office systems to identify customers for billing purposes, as it was possible to log in ...
Some customers have received an email from an insolvency practitioner...
This setback hasn't deterred Mr Zand from his interest in mobile networks new company: ZYO Mobile...
Digging deeper I see they still do All You Can Eat Data - scrub that bit :-)...
2GB? That's nothing. I can use that in a day when travelling. So my excellent One Plan will be no more when it's up for renewal then. I suppose it was too good to be true when you see what others...
And the most cost effective way to do this is through telephones. The contact center currently has 675 employees and these additional jobs will bring the workforce to 835 in just the few years...
Sort out your network first !!...

Social Media Feed