Mobifun’s Weblog

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Vodafone Sale To Verizon Rumors Start Up Again

The rumors that Vodafone may sell all or part of its stake in Verizon Wireless to Verizon Communications are doing the rounds again, apparently fueled by a put option to sell $10 billion worth of stock to Verizon which expires on August 9. As expected, some shareholders want Vodafone to exercise that right, which would leave Vodafone with a stake of around 38 percent in Verizon Wireless reports Investors Business Daily. It wouldn’t do much for Verizon because Vodafone would still hold a signficant share of the business, but as the mobile business grows it’s getting harder and harder for Verizon to afford to buy all of Vodafone’s stake. Verizon has raised $8 billion in debt for general corporate purposes, which may or may not have anything to do with increasing its stake.


June 22, 2007 - Posted by | Verizon, Vodafone

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