Verizon prepping bid for Vodafone's share of Verizon Wireless, says report
Could Verizon and Vodafone be getting closer to ending their joint ownership of Verizon's wireless business?
Reuters reported Wednesday that Verizon has hired banking and legal advisers to put together a $100 billion bid for Vodafone's share of Verizon Wireless, the No. 1 wireless carrier in the U.S., and that Verizon's board is expected to discuss details of a potential buyout next week, at a meeting prior to its annual shareholder meeting.
Unnamed sources told the news agency that Verizon is confident it can raise about $50 billion from bank financing and that the rest of … Read more