Rating: n/a
Bookmark
Save as PDF
Print
Email
Blog It
Stumble It!
In Brief: Vodafone to sell Verizon Wireless stake?
Verizon Communications is reportedly prepared to pay $48 billion to buy out Vodafone's share of Verizon Wireless.
London's Observer newspaper said Sunday that the sum was expected to be acceptable to Vodafone and that the blockbuster deal could be announced by the end of the month.
The newspaper quoted a source at an unnamed financial institution who said: "Verizon are going to buy out Vodafone. There is only one buyer and I suspect that a deal will be cut sooner rather than later."
Part of the deal, according to the Observer, will be the assumption of another $8 billion of debt that will raise the price tag for U.S.-based Verizon to $56 billion.
Copyright 2006 by United Press International
The newspaper quoted a source at an unnamed financial institution who said: "Verizon are going to buy out Vodafone. There is only one buyer and I suspect that a deal will be cut sooner rather than later."
Part of the deal, according to the Observer, will be the assumption of another $8 billion of debt that will raise the price tag for U.S.-based Verizon to $56 billion.
Copyright 2006 by United Press International
» Next Article in Technology - Business: IBM offers to help fight bird flu
PhysOrg Forum
Video
Editorials
Free Magazines
Free White Papers
Newsletter
Advanced Search
Goto Archive
Suggest a story idea
Send feedback
