In a second official response to ongoing press speculation over the projected sale of its 45% stake in Verizon Wireless to co-owner Verizon Communications, the Vodafone Group has confirmed that it is in ‘advanced discussions’ over a USD130 billion deal. UK-based Vodafone stated: ‘Vodafone confirms that it is in advanced discussions with Verizon Communications regarding the disposal of Vodafone’s US group whose principal asset is its 45% interest in Verizon Wireless for USD130 billion. The consideration would substantially comprise a mixture of Verizon common stock and cash. There is no certainty that an agreement will be reached. A further announcement will be made as soon as practicable’.
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