Verizon once again looking to buy 45 percent stake back from Vodafone

By Adam Zeis on 29 Aug 2013 08:44 am EDT
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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.

23 comments

orangejuliusg1

Who cares

Posted via CB10

Adam Zeis

Lots of people do I'm sure :) 

Kamika007z

-1 for that guy oj above...

Thanks Adam!

Mazokun

I care that's who bro. >_>

Posted via CB10

textmint2013

Guys if any of u own bbry stock, nows the time to short. Just read a report in the wsj that Q1 sales have been terrible. This is u r chance to make money well in advance of the 26th sept earnings report.

Posted via CB10 from BB Z10

Xader

And what exactly does BB stock have to do with this article?

If you wish to have a discussion about BB stock, start or participate in a thread here: http://forums.crackberry.com/bbry-f329/

northernpuppy

This has massive implications for Canadians, and BlackBerry is a Canadian company after all lol

Posted via CB10

masterful

They will partner with BlackBerry

Posted via CB10 from my BlackBerry Z10

Plazmic Flame

Just like they teamed up with Motorola?

Please god no.... That was the worst thing ever. Great devices made for one carrier in the entire world. Stupidest move ever. Motorola is lucky Google swept in and saved their arses. Don't want to see BlackBerry go down that route...

textmint2013

Just imagine 130 billion dollars. Compared to that the enterprise valuation of bbry is chump change. But yet Verizon is getting backers to help it buy back the 45%, bbry on the other hand is finding no takers. This should say something about how value is perceived by the market.

Posted via CB10 from BB Z10

masterful

Mark my words

Posted via CB10 from my BlackBerry Z10

ARWestenberger

I don't this VZW would partner with BlackBerry... they have always been the b@$terd stepchild when it comes to devices. AT&T got the 9000, Verizon got the Storm. ATT got another Bold, Verizon got the Tour.

BlackBerry Z10 | Verizon | 10.2.0.1371

Kamika007z

Verizon is too busy being in bed with Android while having their toe in with Apple's sheets as well.

SteelGreek

It also takes a lot of time to create all that Verizon bloatware

Sent via Z10 on Verizon running a .1047 hybrid thru CB10

Kamika007z

Thanks to BB10 we can just uninstall all of that trash.

SteelGreek

Very true! Ugh I remember the days when they used to skin the UI and fill it with crap... so happy we don't have to deal with that

And because of the leak team we're beyond up to date with OS updates

Sent via Z10 on Verizon running a .1047 hybrid thru CB10

Killington

I'm not sure what Vodafone paid for the initial stake but it sounds like they made a tidy profit.

jrohland

That Vodafone deal has been a thorn in Verizon's side for many a long year. As a Verizon shareholder, I'm glad they are finally on the cusp of getting out of it.

It would have been one thing if Vodafone customers from around the world could get non-roaming access to VZW while in the states. But, VZW's network is so different from nearly anywhere else, that could never quite work out.

BBPandy

So maybe this is why they are possibly backing off their rumored expansion into Canada. I know Bell, Telus, & Rogers would be happy if this were the case.

Posted via CB10

kylef5993

Does this really matter at all if you don't own stock...?

Posted via CB10

Drmoe

They are also trying to tap into the Canadian market!

Posted via the best phone ever. The white Z10.

misterfox

So that's most of my day at work wasted playing the game...

billow

The deal would effect British stock. This will be good for all share holders. As much as I dislike Vodafone in the UK this will good for Britain.