Talks continue between Verizon and Vodafone over the potential buyout of the U.K. carrier’s 45 percent stake in joint venture Verizon Wireless, which could move the companies closer to completing negotiations which have been on the table for years.
However, an agreement does not seem likely in the near future despite worries that interest rates could eventually make the buyout too expensive.
As reported by the Wall Street Journal, the carriers have confirmed that discussions have been rekindled after cooling off in recent months. Sources close to the matter told the publication that the potential buyout of Vodafone’s 45 percent stake could cost Verizon over $100 billion, and so the New York-based firm is also in talks with banks to discuss ways to raise the capital required.
SOURCE: zdnet.com
Most Commented Posts
2020 Cybersecurity Landscape: 100+ Experts’ Predictions
Cyber Security Predictions 2021: Experts’ Responses
Experts’ Responses: Cyber Security Predictions 2023
Data Privacy Protection Day (Thursday 28th) – Experts Comments
Experts Insight On US Pipeline Shut After Cyberattack
Most Active Commenters
Recent Comments
“Cybersecurity Awareness Month’s new evergreen theme "Secure Our World” is…
“Avoid storing data on personal devices: A crucial but often overlooked…
“I recommend a new nuance to passwords that isn’t often…
“In my role overseeing cloud environments and incident response, I'm…
“Cybersecurity Awareness Month serves as a reminder to confront the…