Vodafone CEO refuses to rule out sale of Verizon Wireless

Vodafone Chief Executive Officer, Vittorio Colao, has said that he won't rule out selling its 45 per cent stake in Verizon Wireless, according to reports on Bloomberg.

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Vodafone Chief Executive Officer, Vittorio Colao, has said that he won't rule out selling its 45 per cent stake in Verizon Wireless, according to reports on Bloomberg.

Speaking at a conference in Barcelona, Colao denied that Vodafone relies on Verizon Wireless dividends to fund payouts to his shareholders.

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This week Verizon Wireless said it would pay out $8.5bn in dividends, with Vodafone's share being $3.83bn.

Analysts at UBS said in a note, issued on Wednesday, November 14th, that these dividends "could prove more frequent and larger than consensus forecasts".

CM

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