updated 05:45 pm EDT, Wed September 22, 2010
Vodafone says Verizon merge not a viable option
The old rumor of a merger between Vodafone and Verizon Communications is back in the news, as the CEO of Vodafone has claimed the telecoms firm is more likely to look into other alternatives. Vodafone, which owns 45 percent of Verizon Wireless but doesn't get a share of its profits, has been urged to find alternatives by shareholders. Some industry analysts have believed the two will merge in order to resolve this the problem.
Vodafone CEO Vittorio Colao said this merger would be too difficult to accomplish, especially when negotiating other options such as a complete split or a dividend payment to both Verizon Communications and Vodafone.
The relationship between the two has been largely unused in the public eye. Most of the connection has come through Verizon's dual-mode CDMA and GSM phones designed to roam on Vodafone's network, such as the BlackBerry Storm and Tour lines.