Verizon CEO says no Verizon Wireless buyout talks with Vodafone

Lowell McAdam, Verizon's CEO, speaks at the closing first day keynote at the Consumer Electronics Show (CES) in Las VegasLAS 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. …

Full Story Via Tech News Headlines – Yahoo! News

Comments are closed.