Vodaphone says it doesn't need to sell off Verizon holdings [telecom]

By Kate Holton BARCELONA | Mon Feb 25, 2013 1:26pm EST

(Reuters) - British mobile operator Vodafone said it did not need to sell part of its stake in its highly profitable Verizon Wireless joint venture in the United States to bolster its business in Europe.

Chief executive Vittorio Colao told reporters on Monday Vodafone had a healthy balance sheet and could invest when it needed to, adding it could step up its range of services without having to make acquisitions.

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