Vodafone is back in talks with Verizon about selling its 45 per cent stake of Verizon Wireless, US's biggest mobile network operator. Today Voda "confirmed press speculation" that negotiations on selling out are back on. But it won't comment on the Wall Street Journal's claim that Verizon has come up with a way for Voda to …
As someone pointed out on an investment forum, BTs market capitalisation is ~£30bn, and given Vodafone's interest in fixed line operators elsewhere they could be an interesting target for someone with £70bn cash in their pocket...
While the Competition Commission would need to be consulted, the overlap in their current markers is tiny.
Plus ça change
And to think that when they bought Mannemann the Vodafuckers couldn't wait to get rid of the fixed line operators…
Still it's probably as good a time as any to cash in on the recent boom that US operators have had in their uncompetitive market.
"BTs market capitalisation is ~£30bn, and given Vodafone's interest in fixed line operators elsewhere "
Should be big synergies of customer dis-service, as the two operations could share worst practice by comparing notes.
The interesting thing is whether they'd then unbundle and sell Brokenreach? That'd open up the possibility for greater transparency in UK broadband, and create a company that might not be distracted by trying to become a half @rsed sports broadcaster.
Just buy the head of the IRS a nice dinner
It worked in the UK.
Re: Just buy the head of the IRS a nice dinner
And then get a job with their auditors.....
That tax thing
Why would there be any tax at all? SSE: substantial shareholder exemption. You don't pay tax on selling a subsidiary.
Re: That tax thing
indeed I'd be surprised if their accountants don't manage to calculate it as an actual tax loss and reduce their existing UK tax liabilities as a result.