Vodafone in takeover rumour
Rumours are currently circulating that Vodafone may be the target of an audacious takeover bid from a consortium of telcos and private equity firms, including Verizon from the US, and Spain's Telefonica. The rumoured takeover would see Vodafone being bought for 160p per share, valuing the company at £96 billion ($167 billion).
Vodafone in takeover rumour
According to the UK's Daily Mail:
"Sources say the bid, if successful, would lead to a complicated break-up. Verizon, with which Vodafone has a joint venture in America, would take control of the US and UK assets. Telefonica, which paid £18bn for mobile firm O2 in November, is said to be interested in Vodafone's remaining European activities, including Italy and Germany."
There's obviously money to be made in the Spanish telecoms industry if they can afford £18 billion for the UK's O2 mobile operator and then go on to swallow Vodafone as well!
Update: Just read that a Malaysian man has been sent a phone bill for $218 trillion dollars - clearly there is money to be made in telecoms!!
[Source: Daily Mail, via This Is Money]
