Fergie's Tech Blog

Verizon to Buy Vodafone Stake for $48B

A Reuters newswire article, via Yahoo! News, reports that:

Mobile phone group Vodafone could sell its stake in its joint venture with Verizon Communications for about $48 billion (25 billion pounds) before the end of the month, according to the Observer newspaper.

The deal for Vodafone's 45 percent stake in U.S.-based Verizon Wireless would total $56 billion, including debt, the newspaper said.

posted by Fergie @ 5/13/2006 07:27:00 PM