Phone Scoop

printed May 27, 2015
See this page online at:

Home  ›  News  ›

Vodafone Confirms Talks to Sell Verizon Stake

Article Comments  2  

Aug 29, 2013, 6:51 AM   by Eric M. Zeman   @phonescooper

Vodafone today confirmed reports that it is in talks with Verizon Communications to sell its 45% stake of Verizon Wireless. Verizon Wireless is a joint venture between Verizon Communications and Vodafone. The companies held talks earlier this year, but no deal was reached. The two firms rekindled their discussions in July due to changes in the financial markets that make the deal more attractive to both companies. Verizon is working with banks to raise about $60 billion to help with the buyout. The total cost of the deal is said to between $100 and $130 billion. Vodafone said that it would use any funds raised by the sale to help with other acquisitions and to pay down debt.

more info at Reuters »
more info at Associated Press »



Forum Options

This forum is closed.

Subject Author Date
aka... buy T-Mobile U.S. SublimeDavid Aug 29, 2013, 10:07 AM
Page  1  of 1

This forum is closed.

Subscribe to Phone Scoop News with RSS Follow @phonescoop on Twitter Phone Scoop on Facebook Phone Scoop on Google+ Subscribe to Phone Scoop on YouTube Follow on Instagram


All content Copyright 2001-2015 Phone Factor, LLC. All Rights Reserved.
Content on this site may not be copied or republished without formal permission.