Vodafone chief executive officer Vittorio Colao said that Vodafone’s board of directors are keeping an open mind regarding the sale of its 45 percent stake in Verizon Wireless, but has stressed that for the moment they are better off staying as they are according to a report in the FT.
However this is not the news that Verizon Communications CEO wanted to hear, in a recent interview with the FT Verizon’s Chief executive officer and Chairman Ivan Seidenberg said when prompted on the question, that they would want 100 percent of the earnings giving that they are doing 100 percent of the work.
Ivan Seidenberg has in the past made other comments regarding the Vodafone and Verizon wireless relationship. Analysts at Morgan Stanley put the value of Vodafone’s stake in Verizon Wireless at $40 to $50 billion this is excluding Alltel.
Source: Moconews
