Vodafone Close to Selling Stake in Verizon Wireless
45% Share Could Net Company $135 Billion
Reports continue to emerge that suggest Vodafone is getting very close to selling its 45% ownership stake in Verizon Wireless. A report earlier this month
claimed that talks between the two companies concerning a full merger stalled last December, and Vodafone has been looking to sell their stake ever since. Now the UK's Sunday Times confirms those stalled merger talks
and the fact that Vodafone is looking to make a very profitable exit from the United States wireless industry as quickly as possible. The report claims that Vodafone could stand to make as much as $135 billion from a sale of their share of Verizon Wireless.