Verizon once again looking to buy 45 percent stake back from Vodafone
Verizon is once again looking to buy back their 45 percent stake from Vodafone. The two carriers have been in talks for quite some time, but as Bloomberg confirmed today, Vodafone "confirms that it is in discussions with Verizon Communications Inc.".
The deal would be one of the largest of the decade if Verizon can come up with the $130 billion it would take to buy the 45 percent stake from Vodafone. Verizon is reportedly tapping multiple banks for about $10 billion each to finance a large portion of the buyout. According to sources a deal could come as early as September 2nd and would include Verizon selling back its 23 percent stake in Vodafone Italia as well.
A completed deal would end the decade-long partnership between the two companies should it all pan out.