Verizon CEO says no Verizon Wireless buyout talks with Vodafone
LAS VEGAS (Reuters) - Verizon Communications (VZ.N) is not in talks with Vodafone Group Plc (VOD.L) about taking full ownership of their Verizon Wireless venture, despite market speculation this week that such a deal could happen, Verizon's top executive said.
"There's no discussions about it," Verizon Chief Executive Lowell McAdam told Reuters late on Tuesday at the Consumer Electronics Show in Las Vegas.
Verizon, which owns 55 percent of the wireless venture, has long said that it would be interested in buying out Vodafone if the 45 percent owner would sell its stake.
Vodafone shares rose 2.6 percent on Tuesday and added almost 8 points to the FTSE 100 Index, .FTSE the UK benchmark, after McAdam was quoted in a Dow Jones report saying that a deal could be feasible.
But McAdam said his comment did not mean that Verizon was any more likely now to be able to purchase Vodafone's 45 percent stake in Verizon Wireless than it was before.
"It's been feasible for 10 years," McAdams said. "There's nothing that's changed."
(Reporting by Sinead Carew; Editing by Leslie Gevirtz)
- Tweet this
- Share this
- Digg this
- Scots spurn independence but impatient for new powers
- UPDATE 1-Microsoft lays off 2,100, axes Silicon Valley research
- Eight bodies found after attack on Guinea Ebola education team
- Obama nominates Indian-American as ambassador to India
- China not warlike, says Xi, as border standoff dominates India trip
Alibaba Group priced its initial public offering at $68 a share, the top end of the expected range, raising $21.8 billion, in the latest sign of strong investor appetite for the Chinese e-commerce juggernaut. Full Article
Apple's iPhone 6 Plus includes chips from Qualcomm, Skyworks - iFixit Full Article