Verizon CFO Reiterates Interest in Vodafone's Wireless Stake
Verizon Communications Inc. repeated its interest in making a deal to buy out Vodafone Group Plc's 45% stake in their wireless venture.
The comments, made Monday by Chief Financial Officer Fran Shammo at a Morgan Stanley investor conference, reiterated previous statements about the company's willingness to take control of Verizon Wireless, if Vodafone is willing to sell. Last month, Verizon's Chief Executive Lowell McAdam said such a deal was "feasible" despite the estimated $100 billion price tag that some analysts have put on such a transaction.