SpenceSouth Posted April 25, 2013 Share Posted April 25, 2013 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 Quote Link to comment Share on other sites More sharing options...
WiWavelength Posted April 25, 2013 Share Posted April 25, 2013 I would hope that VZ would not give $100 million to Vodaphone because that sounds like an e-mail phishing scam. On the other hand, buying out its partner Vodafone could be a good move for VZ. AJ Quote Link to comment Share on other sites More sharing options...
SpenceSouth Posted April 25, 2013 Author Share Posted April 25, 2013 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? Quote Link to comment Share on other sites More sharing options...
Deval Posted April 25, 2013 Share Posted April 25, 2013 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. Quote Link to comment Share on other sites More sharing options...
JeffDTD Posted April 25, 2013 Share Posted April 25, 2013 Let em go get caught up in this. Perhaps it slows their next regional carrier buying spree 3 Quote Link to comment Share on other sites More sharing options...
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