Verizon makes informal bid for wireless stake

Mar 13 2006 - 03:33 PM ET | Rumor, Verizon Wireless

A British newspaper is reporting that Verizon has approached Vodafone with an informal offer to buy Vodafone's 45% stake in Verizon Wireless for $40 billion. We reported that this was likely most recently after AT&T's proposed merger with BellSouth. However, there are some unbelievers out there that think Verizon is better off letting Vodafone keep its stake.

Analysts at Forbes think the $40 billion figure is low and the price may surge to $50 billion.

[via FierceWireless]