Vodafone shares inflates by 3%
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The Vodafone takeover operation has started (see Vodafone to be sold?). Reuters reported that shares of mobile phone operator have made a 3+% jolt today, as Verizon is about to unveil its first buying offer to Vodafone shareholders.
Vodafone detains 45 percent of Verizon Wireless, a joint venture it has created with Verizon. Still according to Reuters, “some investors have called on the group to sell that holding and return the proceeds to investors.”
Verizon is willing to close the deal quickly. The cableco would like to take full control of its wireless venture with Vodafone to tackle its larger rival AT&T.
Apr 12, 2006 | By Nuno
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