Vodafone in Talks With Eircom

Updated from 2:53 p.m. EDT

Vodafone Group(VOD Quote) is in negotiations with Eircom(EIR Quote), the Irish telecommunications company, to take a majority stake in or acquire all of its mobile subsidiary, Eircell, The New York Times reported on its Web site Monday, citing people close to the talks.

A bid for all of Eircell would likely be valued at about $4.3 billion, more than 80% of the market value of the entire parent company, the report said. The talks with Vodafone, which began in September, are expected to reach a conclusion within a month, the report added.

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