Verizon says will not pay a premium for Vodafone stake


Reuters – In a note to clients, analyst Philip Cusick said Verizon boss Lowell McAdam had said he did not believe a premium would be required to buy Vodafone‘s 45 percent stake in the highly successful Verizon Wireless business, because Verizon already had control through its 55 percent holding.

Lowell McAdam also indicated to the JP Morgan team that the two owners could face a “lean” year in terms of the dividend they receive from the Verizon Wireless asset, a move which could increase tensions between them. more> http://tinyurl.com/bwkzpd8

Related>

About these ads

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s