Verizon wants Vodafone out?
Verizon Communications has stepped up the pressure on Vodafone to sell out of Verizon Wireless, their mobile joint venture, saying that the second largest US telecoms company intends to be “the hunter” in future industry consolidation.
Ivan Seidenberg, chief executive of Verizon Communications, owner of 55 per cent of Verizon Wireless, told the Financial Times he would like full ownership of the US mobile operator.
It follows almost two years in which both groups have played down the prospect of ownership changes at Verizon Wireless after a failed effort in 2006 by Verizon Communications to buy its UK partner’s 45 per cent stake.
via Financial Times