Deadline Looms For Vodafone Stock Decision
Jun 22, 2007, 11:45 AM by (staff)
Vodafone shareholders could convince the European carrier to sell some of its stock in Verizon Wireless. When it joined with Verizon to form Verizon Wireless, Vodafone was given until August 9, 2007 to sell up to $10 billion of stock in the venture. At current value, that would be approximately 7% of the company, leaving Vodafone with a 38% stake. Previously there have been rumors that Vodafone was looking to sell its entire stake back to Verizon, however the company has stated it is not ready to sell any time soon.
Tough decision for Voda.
Verizon Wireless is not publicly traded, however, they do give stock options to employees. In early 2003 they were valued around ...
Good! Hopefully some changes!
VZ is the one who locks you down in contracts and forces manufacturers to use their tandy applications