Verizon Communications seeks full ownership of Verizon Wireless

[kch50428]

Verizon Communications holds 55 percent ownership and Vodafone hold the remaining 45 percent ownership of the joint venture.

Verizon Seeks Full Control of Industry’s Leading Carrier - Bloomberg

Verizon Communications Inc. (VZ)’s effort to resolve its relationship with Vodafone (VOD) Group Plc, potentially ending their wireless joint venture, would put it on a path to full ownership of the most profitable and fastest-growing major wireless carrier in the U.S.

The two phone companies have discussed a range of options, including the idea of Verizon acquiring 100 percent of their U.S. wireless partnership, people familiar with the situation said. Vodafone’s 45 percent stake in the venture, called Verizon Wireless, could fetch $115 billion, according to analysts. Vodafone jumped as much as 7.6 percent for its steepest gain in four years, adding more than $9 billion in market value.

Interesting...

 

[Just_Me_D]

Interesting, indeed. Thanks for the info, Keith.

 

[Highrisedrifter]

Hmmm, as a Vodafone customer I may have to keep tabs on this. Thanks for posting.