Lightreading has a post on news that Vodafone have been looking at Verizon
Verizon Communications Inc. (NYSE: VZ – message board) saw its share price leap more than 12 percent in pre-market trading today following a report on a Financial TimesVodafone Group plc (NYSE: VOD – message board) has been considering a takeover bid worth $160 billion, approximately $55 per share.
That’s pretty interesting as Vodafone has allways been left out in the fixed line business and it’s inability to play in the tipple play market as something of a stumbling block. We know they bought an small ISP to help it get into the UK broadband market, but a play like this is just huge. Verizon are a huge player with a global footprint and a very aggressive business model at this time. This is one to watch as it could push Vodafone to the top or near the top of the big Telco league.
Technorati Tags: Telecom, Verizon, Vodafone
