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

Ingram Micro maintains Showcase 2018 momentum in Wellington

Ingram Micro maintains Showcase 2018 momentum in Wellington

Ingram Micro maintained Showcase 2018 momentum in Wellington, hosting more than 40 vendors at TSB Arena. Under the banner of Leading the Way, the event demonstrated what’s new, what’s next and how it can be used to improve business and everyday life.

Ingram Micro maintains Showcase 2018 momentum in Wellington
Ingram Micro launches Showcase 2018 in Christchurch

Ingram Micro launches Showcase 2018 in Christchurch

Ingram Micro kickstarted Showcase 2018 in Christchurch, hosting more than 40 vendors at Horncastle Arena. Under the banner of Leading the Way, the event demonstrated what’s new, what’s next and how it can be used to improve business and everyday life.

Ingram Micro launches Showcase 2018 in Christchurch
Data breach notification laws in NZ: How can partners prepare?

Data breach notification laws in NZ: How can partners prepare?

This exclusive Reseller News Roundtable outlined the responsibilities facing security partners today, assessing risk while evaluating the role of the vendor in providing added layers of protection.

Data breach notification laws in NZ: How can partners prepare?
Show Comments