Vodafone Shares Rise on Verizon Takeover Talk


Vodafone shares rose 1.5 per cent in early trade on Thursday - after two sources told Reuters that Verizon Communications was working on a $100 billion bid to buy out Vodafone's stake in Verizon Wireless. Verizon, the United States' number one wireless carrier - has made little secret of its wish to buy out its British partner, and is reportedly considering a 50:50 cash and stock bid for the 45 per cent stake it doesn't already own. Reuters' Breaking Views editor Robert Cole.