Verizon Could Purchase Vodafone Stake

Two giants in the mobile carrier world which share the first letter in their respective names, Vodafone and Verizon, could have finally arrived at a method to “resolve” their relationship in the jointly-owned carrier, Verizon Wireless. Word on the street has it that both Vodafone and Verizon are talking to each other, with the option of either merging both entities, or to have Verizon to purchase (partly or otherwise, in its entirety) Vodafone’s 45% stake in Verizon Wireless, and this resolution is most likely to happen before 2013 is over.

Bloomberg cited unnamed sources who touted that the two mobile carriers have come to a head over leadership matters and where the new headquarters should be located. Perhaps purchasing Vodafone’s stake will be the most possible outcome, and Verizon could end up forking out as much as $115 billion in order to bring peace and order to the galaxy. I’m kidding, the scope is not that widespread, but you get an idea of the situation

Edwin Kee
Categories: Cellphones
Tags: Verizon, vodafone