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Vodafone confirms "advanced discussions" with Verizon

  • Vodafone (VOD) says it is in "advanced discussions" to sell its 45% stake in Verizon Wireless to Verizon Communications (VZ) for $130B in cash and shares.
  • The company will make a further announcement "as soon as practicable," which reports say could be today.
  • The sides were working late into the night to iron out the final details, sources say, including the cash-stock ratio of the deal.
  • The debate about what Vodafone should do with the proceeds of the deal is already well under way: while shareholders are hoping for a healthy windfall, the FT reports that the company is interested in expanding its presence in the wire-line sector in Europe with deals similar to its proposed acquisition of Kabel Deutscheland. Liberty Global (LBTYA) has cropped up in the speculation as a potential target. (PR)
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Comments (2)
  • notta lackey
    , contributor
    Comments (131) | Send Message
     
    We want a dividend. And take the AT&T offer for the rest if it is fair.
    2 Sep 2013, 10:18 AM Reply Like
  • Veritas1010
    , contributor
    Comments (1527) | Send Message
     
    More poor choices following on more poor choices"...Run Vodafone, run".

     

    Meanwhile watch closely Ladies & Gentlemen this won't be the relatively secure and safe VOD of the 00's.
    2 Sep 2013, 01:35 PM Reply Like
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