Andre Yoskowitz
28 Apr 2013 18:47
Over the past weeks, it has been reported that Verizon has been considering buying out the other half of its Verizon Wireless joint venture.
Vodafone currently owns a 45 percent stake in the thriving carrier.
Reuters spoke with six of Vodafone's major investors, who said the asking price would have to be above $120 billion to be acceptable. The six shareholders control 1.3 billion of the 5 billion outstanding Vodafone shares making them huge players.
The recent reports had claimed Verizon was preparing a $100 billion bid, 50:50 in cash and stock.
These investors would also prefer a complete merger between the two companies, as Verizon Wireless is the major profit center for Vodafone.