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Verizon Again Chatting with Vodafone to Buy Verizon Wireless Stake

by Todd Haselton | August 29, 2013August 29, 2013 1:30 pm PST

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Verizon Communications is again chatting with Vodafone about the possibility of acquiring Vodafone’s 45 percent stake in Verizon Wireless. The deal could cost Verizon more than $100 billion but would give it outright control of the wireless carrier. The fresh talks were first reported by The Wall Street Journal. 

There were discussions this past April that Verizon had been interested in snatching up the full stake in Verizon Wireless, though the company shot down those rumors. “As Verizon has said many times, it would be a willing purchaser of the 45% stake that Vodafone holds in Verizon Wireless,” the company said at the time. “It does not, however, currently have any intention to merge with or make an offer for Vodafone, whether alone or in conjunction with others.”

It’s unlikely Verizon will confirm discussions this time around either, though The Wall Street Journal suggests they are further along than before. Apparently Verizon is willing to pay the aforementioned $100 billion price tag, though Vodafone wants about $30 billion more than that. The two sides have also had issues deciding how to deal with taxes. Perhaps a solution to those issues has been decided upon.

Todd Haselton

Todd Haselton has been writing professionally since 2006 during his undergraduate days at Lehigh University. He started out as an intern with...