Verizon wants Vodafone out...

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freitasm

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Topic # 7025 13-Mar-2006 09:53

According to a Reuters report:

"U.S. telecom giant Verizon Communications (VZ.N: Quote, Profile, Research) has made an informal approach to Vodafone Group Plc about buying the latter's 45 percent stake in Verizon Wireless for about $40 billion, British newspaper the Business reported on Sunday.

"We have made our interest in acquiring Vodafone's (VOD.L: Quote, Profile, Research) stake in Verizon Wireless clear," a Verizon source told the paper. "The ball is now in Vodafone's court.""

As there was not enough on Vodafone's plate with the sale of Vodafone KK (Japan) to softBank, the write of GBP27 billion and other small things...

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sbiddle

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Reply # 30592 13-Mar-2006 11:14

freitasm: According to a Reuters report:

"U.S. telecom giant Verizon Communications (VZ.N: Quote, Profile, Research) has made an informal approach to Vodafone Group Plc about buying the latter's 45 percent stake in Verizon Wireless for about $40 billion, British newspaper the Business reported on Sunday.

"We have made our interest in acquiring Vodafone's (VOD.L: Quote, Profile, Research) stake in Verizon Wireless clear," a Verizon source told the paper. "The ball is now in Vodafone's court.""

As there was not enough on Vodafone's plate with the sale of Vodafone KK (Japan) to softBank, the write of GBP27 billion and other small things...

The million dollar question however is who is at fault - Chris Gent for trying to create to create world dominance with the Vodafone brand or Arun Sarin who seems determied to lead the company down a completely different path.

I read about an hour ago that Chris Gent has just resigned as the company's Life President - the implications of this could be huge.

antoniosk

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Reply # 30647 13-Mar-2006 22:22

...Arun the american will stop sponsoring English cricket (C. Gent's favourite pasttime) and start sponsering baseball.....?