Vodafone chief hints at Verizon Wireless stake sale

Feb 20 2004 - 05:52 PM ET | Verizon Wireless, Vodafone
Vodafone CEO Arun Sarin hinted at a possible sale of its 45% stake in US wireless leader Verizon Wireless. Once Cingular's purchase of AT&T Wireless is completed, Verizon Wireless will become the #2 US carrier. Business Week thinks the recent Cingular / AT&T Wireless deal will benefit Verizon Wireless. If this is the case, don't expect Vodafone to sell out.