Vodafone Will Hold on to Verizon Wireless Stake

12:55 am on April 21, 2007 | Category: Business, Wireless, Corporate

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UK-based wireless giant, Vodafone Group PLC, crushed renewed speculation yesterday that it plans to sell its 45% stake in Verizon Wireless, a major American carrier.

“We’re very happy with our stake in Verizon Wireless and that situation has not changed,” a Vodafone spokesman was quoted as saying.

Vodafone co-owns Verizon Wireless, with U.S. telecom provider, Verizon Communications, which has repeatedly expressed interest in buying full control of its own mobile phone division.

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    Published by TeleClick Enterprises
    Edited by Jeremy Maddock