As far as telecom deals
go, Verizon's plans to buy out Vodafone's stake in Verizon Wireless is dwarfed by AT&T's
planned acquisition of BellSouth
. But the potential deal certainly sheds light on the changing fortunes of
Vodafone, which was once a contender to buy AT&T Wireless (which was instead purchased by Cingular). With Vodafone
said to be planning a sale of its
as well, the company looks to be consolidating its European base, something the company's
shareholders seem pleased with; Vodafone's stock has been rising as word of the potential market exits has circulated.