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Vodafone Confirms in Talks to Sell Verizon Wireless Stake

NEW YORK ( TheStreet) -- Vodafone (VOD) confirmed Thursday it is in talks with Verizon Communications (VZ - Get Report) to sell its 45% stake in their joint venture, Verizon Wireless.

The Wall Street Journal reported Wednesday that the two companies had rekindled discussions in a deal that likely would cost Verizon well more than $100 billion. The Journal report cited people familiar with the matter.

Vodafone said Thursday there is no certainty an agreement will be reached.

-- Written by Joseph Woelfel



>To contact the writer of this article, click here: Joseph Woelfel

>To submit a news tip, send an email to: tips@thestreet.com.

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