Might Verizon try to buy out Vodafone and have Verizon Wireless all to itself?
Verizon, which owns 55 percent of Verizon Wireless, "would love to own all of that asset," said CEO Lowell McAdam, in an interview with MarketWatch at the Consumer Electronics Show in Las Vegas. McAdam said Verizon is in a position to pull off the move, particularly because the company’s wireline business "is getting stronger, [which would make the acquisition] easier."
That being said, Verizon’s boss believes his company’s joint venture with Europe’s Vodafone which owns the other 45 percent is doing just fine.
Verizon and Vodafone joined forces nearly 13 years ago. A previous move to buy Vodafone’s stake in 2006 failed. And while Verizon supposedly isn’t considering any major acquisitions "I don’t feel compelled to go out and take action to make something happen," McAdam said it’s clear that changing economics could play a role in the future of their partnership.
As Europe’s economy has struggled, so have Vodafone and other carriers in that region. Verizon Wireless has been Vodafone’s strongest asset of late.
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February 15 2019 @ 14:45:26 UTC