Hey Vodafone, Verizon called, it wants its Wireless back
Verizon chief Ivan Seidenberg gave a particularly candid interview with the Financial Times recently, revealing that he'd like to see Verizon take full control of Verizon Wireless -- a joint venture with Vodafone in which Verizon holds 55 percent -- given that Verizon is "doing 100 percent of the work." Zing! Despite saying that Voda's "been a great partner," the bulk of the conversation makes it sound like relations are definitely strained between the two telecom giants, and Seidenberg thinks that once bigwig Arun Sarin hands over the Vodafone reigns to Vittorio Colao next month, "maybe he'll want to do something different." You know, "different" as in "sell off $60 billion worth of Verizon Wireless to Verizon Communications." Also interesting is Seidenberg's revelation that Sarin wanted Verizon to snap up Alltel last year before it sold to private equity firms, but thanks to Verizon's majority on the VZW board, they were able to put the kibosh on the plan, apparently over concerns that they'd end up in a nasty bidding war. Alas, all's well that ends well, we suppose.
[Via mocoNews]
