The New York Times is running a story today that concludes Verizon's best move is not to try and buy out Vodafone's 45% stake in Verizon Wireless. Earlier this week we discussed the rumor, which was re-ignited after AT&T's proposed buyout of BellSouth.
Besides, the price tag for the Vodafone stake — about $40 billion, and possibly more — could alarm credit agencies and investors who are already worried about the cost of Verizon's plan to extend fiber optic cables to six million homes by the end of 2006, and the integration of the long-distance carrier, MCI, which Verizon bought in January for $8.5 billion.
[via Tech Dirt]
Verizon Causes The Web To Go Down 04/13/2006 at 08:00 PST
Related Quotes 2/1/2000 GTE 73 1/4
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Its been six LONG YEARS and Verizon cannot show any leadership. All Verizon can do is take from the very people that made them what they where. Verizon is like a big leach sucking the life out of all of US.
Can You Hear Me Now!!!!!!