Mobifun’s Weblog

Do Fun with your Mobile….

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.

Advertisements

June 22, 2007 - Posted by | Verizon, Vodafone

No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: