The British telecommunications company Vodafone issued a statement Thursday confirming it is in talks over the potential sale of its 45 percent stake in the U.S. carrier Verizon Wireless, its joint venture with Verizon Communications.
“Vodafone notes the recent press speculation and confirms that it is in discussions with Verizon Communications Inc. regarding the possible disposal of Vodafone’s U.S. group, whose principal asset is its 45% interest in Verizon Wireless,†Vodafone’s brief statement said. “There is no certainty that an agreement will be reached,†it added.
A sale of Vodafone’s stake in Verizon Wireless would be a blockbuster deal. Analysts have estimated the stake could command more than $100 billion.
