Printed from http://www.electronista.com

Vodafone to hold on to Verizon stake?

updated 03:05 pm EDT, Tue August 7, 2007

Vodafone to keep Verizon?

The cellular carrier Vodafone is likely to decide, later this week, to keep its investments in America's Verizon Wireless, says an anonymous source cited by Reuters. Vodafone had been considering selling as much as $10 billion of its stake in Verizon, the total of which amounts to $45 billion. This is due to pressure from Vodafone shareholders, who have noted that the value of Verizon is not reflected in the former's share price, and that dividend payments will not be reinstated until 2009.

At one stage a shareholder called Efficient Capital Structures had been pressuring Vodafone to create a new company based on the Verizon stake, and the Financial Times had once suggested that Vodafone would expand its stake to total control. Both of these possibilites have been discounted.



By Electronista Staff
Post tools:

TAGS :

toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

Logitech Hyperion Fury mouse

Selecting the correct gaming mouse comes down to finding a device that balances the needs of a user with a price they can afford. Ofte ...

Life n Soul BM211 Bluetooth speaker

Bluetooth speakers aren't only for listening to some music at the park or on a long bus ride, but can also be built with tablets in mi ...

Epson PowerLite Home Cinema 2030 projector

With high-definition televisions now the standard, 4K televisions becoming the next big thing, and plasma TVs going the way of the din ...

Sponsor

toggle

Most Commented

 
toggle

Popular News