Despite a $15 billion sale
of Vodafone Japan to Softbank
, Vodafone proper managed to lose some $40.7 billion in the fiscal year ending March 31, making it the largest single full-year loss in history for any
British company. The world's #2 operator blamed writeoffs and stiff European competition, but another contributing factor could be Vodafone's ongoing trend of hemorrhaging much of their revenue in the form of dividends -- over $10 billion of the Japan sale, for example, was returned directly to shareholders. We know they're denying it, but is a sale of Vodafone's stake in Verizon
starting to look appealing? Or is Vodafone itself looking ripe for the picking
*Verizon is currently in the process of acquiring AOL, Engadget's parent company. However, Engadget maintains full editorial control, and Verizon will have to pry it from our cold, dead hands.