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Tuesday, 17 July 2007 11:19

Vodafone denies Verizon bid

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No plans at all

 

Vodafone has denied that it is making a $160 billion bid for its US partner in the wireless phone business, Verizon Communications.

The Financial Times reported earlier that the company was considering making an offer, but warned it may not happen. Vodafone said there were no such plans and a spokesman said today that it wanted to put an end to speculation over Vodafone's 45 percent stake in New Jersey-based Verizon Wireless.

Most observers said that it would be impossible to get such a deal past the US regulators.

More here.

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