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Sunday, September 1, 2013

Vodafone confirms it’s talking to Verizon about a possible break-up in the USA

Vodafone has confirmed it’s considering the sale of its stake in US-based Verizon Wireless. Verizon Communications currently owns 55% of the joint venture, with Vodafone owning 45%.

The partnership was set up following Vodafone’s merger with AirTouch Communications in 1999 and the creation of a joint venture with Bell Atlantic a few months later.

A short statement from Vodafone said “Vodafone notes the recent press speculation and confirms that it is in discussions with Verizon Communications Inc. regarding the possible disposal of Vodafone's US group whose principal asset is its 45% interest in Verizon Wireless. There is no certainty that an agreement will be reached.”

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Author: The Fonecast
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Categories: Networks and operators, NewsNumber of views: 1547

Tags: vodafoneusaverizon

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