Vodafone Group Plc In Talks With Verizon Communications Inc To Sell Out Of US Venture-Reuters

Thursday, 29 Aug 2013 03:00am EDT 

Reuters reported that Vodafone Group Plc said it was in talks with Verizon Communications Inc to sell its 45% stake in their U.S. joint venture Verizon Wireless for what a Bloomberg report said would be about $130 billion. Verizon is working with several banks to raise $10 billion from each to finance about $60 billion of the deal and an announcement could come as soon as September 2, 2013. A Verizon spokesman declined to comment.