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Thursday, 10 January 2013 - Verizon CEO says no Verizon Wireless buyout talks with Vodafone |
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Credit: Reuters/Rick Wilking By Sinead Carew LAS VEGAS | Wed Jan 9, 2013 3:52pm EST LAS VEGAS (Reuters) - Verizon Communications is not in talks with Vodafone Group Plc about taking full ownership of their Verizon Wireless venture, despite market speculation this week that such a deal could happen, Verizon's top executive said. "There's no discussions about it," Verizon Chief Executive Lowell McAdam told Reuters late on Tuesday at the Consumer Electronics Show in Las Vegas. Verizon, which owns 55 percent of the wireless venture, has long said that it would be interested in buying out Vodafone if the 45 percent owner would sell its stake. Vodafone shares rose 2.6 percent on Tuesday and added almost 8 points to the FTSE 100 Index, the UK benchmark, after McAdam was quoted in a Dow Jones report saying that a deal could be feasible. But McAdam said his comment did not mean that Verizon was any more likely now to be able to purchase Vodafone's 45 percent stake in Verizon Wireless than it was before. "Its been feasible for 10 years," McAdams said. "There's nothing that's changed." (Reporting by Sinead Carew; Editing by Leslie Gevirtz) Tech Deals Global Deals Review: 2011 Q3 Global Deals Review: 2011 Q2 Global Deals Review Inflows Outflows Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints   We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. 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