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Verizon looks to purchase remaining stakes from Vodafone


SpenceSouth
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Verizon communications is looking to purchase the the 45% of Verizon Wireless that it doesn't own from Vodaphone. Currently, they are trying to raise $100 billion for the transaction.

 

I don't know what this would mean in the large scheme of things, but it certainly an interesting development

 

"Verizon Communications has hired advisers to prepare a possible $100 billion cash and stock bid to take full control of Verizon Wireless from its partner Vodafone, two people familiar with the matter said.".

 

http://www.reuters.com/article/2013/04/25/us-verizonwireless-verizon-idUSBRE93O02C20130425

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My first impression was that they were going to be spending a lot of money that would not be going into their network. Opportunity for Sprint, T-Mobile, and AT&T?

 

Verizon has a ton of cash, plus with their market cap, I'm sure they can raise the funds to do so.

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