Vodafone in talks to sell Verizon Wireless stake

Written by: James Pearce
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

I now find that GiffGaff's 3g service isn't throttled but strangled to death. I find myself unable to download email, update social media or browse a website even if the phone indicates it is con...
my phone contract expires in august and wonder if i can put my trust chitter-chatter if they can treat their franchisee in this way...
EE may have done well insome of these technical areas, but it is a great shame their Customer Care has not had the same investment. I have had an 8 month, unresolved saga with them and have enco...
Is that the bloke from 5ive? Yawn. I'd pay 50p to get Slam Dunk Da Funk as a ringtone. Burned....
Vodafone have been charging PAYT customers for years to access Customer Services, whats new?...
Really?...
Great Guy, amazing commercial acumen....
Unless we see our payment through our distributor this month we will be out of business....
EE are terrible, how do they expect businesses to servive the wait....
will not use vodaphone tax avoiders, does any one of them pay any tax???...

Social Media Feed