August 30, 2013
Verizon has flirted with purchasing European-based provider Vodafone for years now, and as Ryan Knutson, Spencer E. Ante, and Dana Cimilluca of The Wall Street Journal report, the talks have heated up again:
Verizon Communications Inc. \ and Vodafone Group PLC have rekindled talks about a buyout of the U.K. company’s stake in their U.S. wireless joint venture in a deal that would likely cost Verizon well over $100 billion, people familiar with the matter said.
Vodafone confirmed Thursday that it was in talks with Verizon to sell its stake, but said there is no certainty an agreement will be reached.
With competition in the U.S. hotter than ever, don’t be surprised if similar international deals start taking shape.