Vodafone Group Plc (VOD) is poised to exit the best investment it ever made, pocketing as much as $130 billion from the 45 percent it owns in U.S. mobile company Verizon Wireless and focusing its attention on Europe.
Vodafone and Verizon Communications Inc. have been in talks on and off for years over the partnership that left payouts from one of Newbury, England-based Vodafone's most profitable assets at the whims of the Americans. Verizon jumped the most in four years in New York trading yesterday, and Vodafone surged as much as 9.6 percent to the highest price since 2002.
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