Verizon Interested in Vodafone's Shares in VZW
Jan 27, 2006, 3:35 PM by (staff)
Verizon Communications, part owner of Verizon Wireless, said this week they would like to increase their stake in the wireless arm. Vodafone, a major European carrier, currently owns 45% of the wireless venture. Vodafone could force Verizon to buy back all of its shares in VZW in the coming year for between $10 and 20 billion, however that is not the only way for Verizon to increase its stake. Verizon is hoping the two companies can come to an agreement for Vodafone to sell some or all of its shares.
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Smart move on Verizon's part, but will Vodafone give in?
It is a tough decision.
What does everyone else think...