Verizon seeks to resolve relationship with Vodafone
As recently as this past month of December US telecommunications giant Verizon Communications and UK peer Vodafone held talks aimed at thrashing out a full combination of their operations.
As recently as this past month of December US telecommunications giant Verizon Communications and UK peer Vodafone held talks aimed at thrashing out a full combination of their operations.
Those however broke down when it came time to decide on the 'details' of any such arrangement, such as leadership and the location of the new headquarters, according to two persons who ask not to be named because the matter is private, Bloomberg reports.
Thus, the most likely scenario now is a buy-out or a partial sale of Vodafone's 45% stake in Verizon Wireless subsidiary, those same sources said.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
As of 08:17 shares of Vodafone are now rising by 6.32% to 179.2p on the Footsie.
AB
-
Nationwide: UK house prices creep up by 0.2% - are we heading for a rebound?
Nationwide’s latest house price index shows property prices inched up by 0.2% as demand warms up - will this trend go into 2024?
By Kalpana Fitzpatrick Published
-
December 2023 NS&I Premium Bond winners revealed - have you won the jackpot?
Two Premium Bond holders are now millionaires as NS&I reveals December winners. Find out if you’re one of them
By Vaishali Varu Published