Vodafone to keep Verizon stake

7 Jan 2003

Just days after speculation arose over the possible sale of Vodafone Group’s 44.3% stake in US cellco Verizon Wireless to majority shareholder Verizon Communications, the mobile giant has now stated that it has no intention to sell the stake in the near future. The operator has also said that the USD20 billion value assigned to the stake in a press report is incorrect.