herald

Friday 15 December 2017

Vodafone sale talks

VODAFONE Group has said it is in talks with Verizon Communications to sell its 45pc stake in their US joint venture Verizon Wireless for an expected $130bn (€98.1bn).

Verizon is working with banks to raise $10bn (€7.54bn) from each to finance about $60bn (€45.26bn) of the deal, it emerged. An announcement could come early next month.

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