Printed from http://www.electronista.com

Vodafone doesn't expect to merge with Verizon

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.



By Electronista Staff
toggle

Comments

Login Here

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

toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

Samsung Galaxy S 5

The Samsung Galaxy S5 might be the phone that Android users have been craving for some time. Information coming out of Mobile World Co ...

STM Trust technology bag

The search for a good messenger bag that doubles as a laptop bag is something many travelers find themselves facing at least once. Bet ...

PenClic Bluetooth mouse

Windows 8 aside, computer users have been trained that a mouse is the proper way to navigate through the desktop for many years now. T ...

Sponsor

toggle

Most Commented

 
toggle

Popular News