Vodafone Confirms in Talks to Sell Verizon Wireless Stake
The deal could cost Verizon well more than $100 billion, a report says.
The deal could cost Verizon well more than $100 billion, a report says.
NEW YORK (
) --
Vodafone
(VOD) - Get Report
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
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