Vodafone, Verizon confirm talks, say ‘no certainty’ deal will be reached

By   ISBuzz Team
Writer , Information Security Buzz | Aug 29, 2013 11:30 pm PST

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