Vodafone is in talks on a possible sale of its stake in US joint-venture Verizon Wireless said to be worth more than $100 billion, the British mobile phone giant announced on Thursday.
A sign for a Vodafone store is seen in central London, on May 22, 2012. British mobile phone giant on Thursday said it was in talks with US telecommunications operator Verizon regarding the possible sale of its 45-percent stake in Verizon Wireless.
While Vodafone stressed that any deal to sell its 45-percent stake to US telecommunications group Verizon may well not be concluded, investors dived in to buy the British company's shares.
This article is older than 60 days, which we reserve for our premium members only.You can subscribe to our premium member subscription, here.