Less Ads, More Data, More Tools Register for FREE

Verizon CEO says no Verizon Wireless buyout talks with Vodafone

Wed, 09th Jan 2013 16:55

By Sinead Carew LAS VEGAS, Jan 9 (Reuters) - Verizon Communications is not in talks with Vodafone Group Plc about takingfull ownership of their Verizon Wireless venture, despite marketspeculation this week that such a deal could happen, Verizon'stop executive said. "There's no discussions about it," Verizon Chief ExecutiveLowell McAdam told Reuters late on Tuesday at the ConsumerElectronics Show in Las Vegas. Verizon, which owns 55 percent of the wireless venture, haslong said that it would be interested in buying out Vodafone ifthe 45 percent owner would sell its stake. Vodafone shares rose 2.6 percent on Tuesday and added almost8 points to the FTSE 100 Index, the UK benchmark, afterMcAdam was quoted in a Dow Jones report saying that a deal couldbe feasible. But McAdam said his comment did not mean that Verizon wasany more likely now to be able to purchase Vodafone's 45 percentstake in Verizon Wireless than it was before. "Its been feasible for 10 years," McAdams said. "There'snothing that's changed."

Related Shares

More News
31 May 2024 13:35

TOP NEWS: Vodafone completes sale of Spain business to Zegona

(Alliance News) - Vodafone Group PLC and Zegona Communications PLC on Friday said Zegona has completed the acquisition of Vodafone Spain, with telecom...

30 May 2024 13:01

UK dividends calendar - next 7 days

29 May 2024 15:05

Iliad in wait-and-see mode on M&A in Italy after failed Vodafone deal

MILAN, May 29 (Reuters) - French challenger telecoms operator Iliad is focused on growing its Italian business on a standalone basis, the head of Il...

27 May 2024 09:49

Vodafone to wire 120,000 flats in Germany for fibre optic service

(Alliance News) - Telecommunications firm Vodafone Group PLC has signed an infrastructure contract with one of Germany's largest housing companies to ...

16 May 2024 11:26

Deutsche Telekom's strong Europe growth helps core earnings rise

May 16 (Reuters) - Deutsche Telekom reported first-quarter adjusted core earnings of 10.5 billion euros ($11.43 billion) on Thursday, with Europe a ...

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.