Reuters
Verizon Unlikely to Bid Now for Sprint
Tuesday December 14, 3:25 pm ET
By Jessica Hall


PHILADELPHIA (Reuters) - Verizon Communications Inc. (NYSE:VZ - News) has no imminent plans to bid for Sprint Corp. (NYSE:FON - News), people familiar with the situation said on Tuesday, lifting a potential obstacle to Sprint's bid for Nextel Communications Inc. (NasdaqNM:NXTL - News).
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Separately, Britain's Vodafone Group Plc (London:VOD.L - News) denied it was in talks with Verizon, its wireless joint venture partner, about any offer for Sprint.

The two developments contradicted a report in Tuesday's Wall Street Journal, which said Verizon had gained the backing of Vodafone to make a bid for Sprint in a move that...
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