Facebook Twitter google+ RSS Feed
Join Hands to Build a Smarter India: Sign in | Join now

Vodafone Confirms Talks About Stake Sale In Verizon Wireless

By SiliconIndia  |   Sunday, 01 September 2013, 20:13 Hrs
cmt right
Comment Right
cmt right
cmt right
Printer Print Email Email

The two companies also own a cross holding in Vodafone Italy, which could form part of the deal, with Verizon possibly selling its 23 percent back to Vodafone, which has 77 percent, sources told Bloomberg.

Charles Stanley analyst Tom Gidley-Kitchin said it was inevitable Verizon would make a serious approach.

"Vodafone doesn't have to sell, they are quite prepared to wait," he said. "I don't think Vittorio Colao is going to be bamboozled into selling at a sub-optimal price, so I think Verizon will understand they will have to pay closer to $130 billion."

Vodafone has changed its strategy from being a pure mobile operator, where revenues are under pressure from competition and regulation, to offering combined services such as television and fixed line broadband. To that end it has agreed to buy Kabel Deutschland for 7.7 billion euros.

Also Read: Who Will Get The Crown Jewel? 6 Potential Buyers For Blackberry

Also Read: World's 10 Biggest Mobile Phone Manufacturers

Experts on SiliconIndia
Santhosh  K
Sr. Soft. Engg.
Oracle India
Nehal Vyas
Sr. Team Lead
Cyberoam Tech.
Rani Malli
Sr. Director
Sr. Executive
Vijay Balkrishna Konduskar
Business Consultant
Imans Web Tech
Dr L P  Sharma
Technical Director
Reena Khanna
Dellas  Asse
sys-network admin
Computer Station
Sign Up for DailyDose and Read the Day's Highlights
Follow SiliconIndia :
Write your comment now
Submit Reset