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Verizon Asks Vodafone To Sell Back Stake

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Mar 12, 2006, 3:00 PM   by (staff)

Verizon has directly approached Vodafone about buying back the UK firm's 45% stake in Verizon Wireless. Verizon has not made an official offer, however this is the first time the company has asked Vodafone to sell their stake directly. Recently, Verizon executives have made a number of public comments about wanting to increase their stake in VZW. Although they have previously said they would maintain their investment in Verizon Wireless, Vodafone may finally be ready to sell, as the company has just put their Japanese unit up for sale, and may look to shed other investments that do not play directly into their large GSM network in Europe.

more info at Reuters »

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Subject Author Date
Monkey See Money Do sangyup81 Mar 12, 2006, 4:28 PM
What will this mean for Verizon? natemc Mar 13, 2006, 1:32 PM
????? sowhatsowhat10 Mar 12, 2006, 3:31 PM
verizon wireless' and Vodafone's worth (based on subscribers) nextel18 Mar 12, 2006, 9:30 PM
 
 
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