Latest in Mobile

Image credit:

Verizon may buy out Vodafone stake

Marc Perton
03.06.06
Share
Tweet
Share
Save

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 Japanese unit 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.

From around the web