Vodafone (VOD +2.2%) spikes after Verizon (VZ +0.4%) CEO Lowell McAdam says his company is...
Monday, January 7, 2:56 PM ETVodafone (VOD +2.2%) spikes after Verizon (VZ +0.4%) CEO Lowell McAdam says his company is capable of digesting Vodafone's 45% stake in Verizon Wireless. "We have always said we would love to own all of that asset," he reminds us. The fact Verizon Wireless is now making giant cash distributions gives Verizon more incentive to make a deal, but the fact Verizon has $53B in debt complicates matters. McAdam also suggests Verizon won't be following T-Mobile's lead in eliminating phone subsidies. "I don't think U.S. consumers are ready to buy an iPhone for $700."
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