Wednesday, April 05, 2006

Verizon to buy Vodafone's share in Verizon Wireless

The markest are rife with rumours today that Verizon is on the verge of concluding a deal with Vodafone to gain 100% ownership in Verizon Wireless. This makes complete sense for both parties and would provide a welcome cash boost for beleaguered Vodafone.

For Vodafone's stake in Verizon Wireless is probably worth over $50bn. Nice investment. I would expect some announcement soon - but let's see!

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