Thursday, 17 August 2017

Friday Review: Acid reflux

By Nick Wood, Total Telecom
Friday 30 August 13

Potential $100 billion-plus sale of Vodafone's Verizon Wireless stake is back on the agenda...again.

Like undercooked shellfish, the story of Vodafone supposedly planning to sell its stake in Verizon Wireless to Verizon is impossible to keep down. It is one that has rumbled on more or less all year, but it finally looks like the situation might come to a head, after the U.K. mobile giant on Thursday confirmed it is in talks with Verizon to dispose of its 45% stake in its U.S. joint venture. Cue a flurry of activity as industry observers salivated over sky-high, albeit yet-to-be agreed, asking prices in the region of $100-$130 billion. However, also a bit like undercooked shellfish, there are some who cannot stomach the thought of Vodafone exiting Verizon Wireless. "The last thing I want to do is give $100 billion or more to the current Vodafone CEO…

Like undercooked shellfish, the story of Vodafone supposedly planning to sell its stake in Verizon Wireless to Verizon is impossible to keep down. It is one that has rumbled on more or less all year, but it finally looks like the situation might come to a head, after the U.K. mobile giant on Thursday confirmed it is in talks with Verizon to dispose of its 45% stake in its U.S. joint venture. Cue a flurry of activity as industry observers salivated over sky-high, albeit yet-to-be agreed, asking prices in the region of $100-$130 billion. However, also a bit like undercooked shellfish, there are some who cannot stomach the thought of Vodafone exiting Verizon Wireless. "The last thing I want to do is give $100 billion or more to the current Vodafone CEO…

Please login or register to view this content

Please enable JavaScript to view the comments powered by Disqus.

Newsletter signup

Quickly get on board and up to date with the telecoms industry