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Verizon looks to purchase remaining stakes from Vodafone


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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.".



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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.





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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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