Menu
Vodafone confirms talks on selling its Verizon Wireless stake

Vodafone confirms talks on selling its Verizon Wireless stake

The U.K.-based carrier says there is no certainty that a deal will be reached

Vodafone Group is in talks to sell back its 45 percent stake in Verizon Wireless to its partner in that company, Verizon Communications.

Vodafone confirmed the talks on Thursday in response to media reports that the companies were discussing a possible deal worth more than US$100 billion.

"Vodafone notes the recent press speculation and confirms that it is in discussions with Verizon Communications Inc. regarding the possible disposal of Vodafone's US group whose principal asset is its 45 percent interest in Verizon Wireless. There is no certainty that an agreement will be reached," the company said in a statement on its website.

There have been reports of a possible buyout of Vodafone's minority stake in the past, with the companies reportedly unable to agree on a price. Such a deal would make Verizon the full owner of the mobile company that bears its name, which is the largest in the U.S. Vodafone, based in the U.K., owns mobile operators in several countries and has benefited from growth at Verizon Wireless amid the economic slump in much of Europe.

Stephen Lawson covers mobile, storage and networking technologies for The IDG News Service. Follow Stephen on Twitter at @sdlawsonmedia. Stephen's e-mail address is stephen_lawson@idg.com


Follow Us

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags mobileMergers and acquisitionsbusiness issuesVodafone GroupVerizon WirelessVerizon Communications

Featured

Slideshows

EDGE 2018: Kiwis kick back with Super Rugby before NZ session

EDGE 2018: Kiwis kick back with Super Rugby before NZ session

New Zealanders kick-started EDGE 2018 with a bout of Super Rugby before a dedicated New Zealand session, in front of more than 50 partners, vendors and distributors on Hamilton Island.‚Äč

EDGE 2018: Kiwis kick back with Super Rugby before NZ session
EDGE 2018: Kiwis assess key customer priorities through NZ research

EDGE 2018: Kiwis assess key customer priorities through NZ research

EDGE 2018 kicked off with a dedicated New Zealand track, highlighting the key customer priorities across the local market, in association with Dell EMC. Delivered through EDGE Research - leveraging Kiwi data through Tech Research Asia - more than 50 partners, vendors and distributors combined during an interactive session to assess the changing spending patterns of the end-user and the subsequent impact to the channel.

EDGE 2018: Kiwis assess key customer priorities through NZ research
Show Comments