Vodafone (VOD) is said to be forming a deal to sell its entire share in Verizon Wireless, its venture with Verizon Communications (VZ), netting it as much as $135M, or GBP88.6M, the Telegraph reports. According to the report, Vodafone recently held a series of talks with Verizon over a sale of Vodafone's 45% stake in Verizon Wireless, with options ranging from a merger to a partial sale of the Verizon Wireless stake; however, the Sunday Times says Vodafone is now leaning towards making a "clean break" from America. A deal could be formed as early as the summer, sources say.
- Mergers, Acquisitions & Takeovers
- Verizon Wireless
- Verizon Communications