Verizon Communications Inc, which is now deep in a battle for control with Vodafone Group Plc, has proposed to dissolve their relationship through the wireless joint venture. With the release, the company would be on its way to fully owning itself and become the fastest growing wireless carrier in the United States.
The two partners had been exploring different options, such as Verizon purchasing the full wireless partnership in the US according to insiders. The venture named Verizon Wireless has Vodafone with a 45% stake worth at an estimated US$115 billion. Vodafone's value has been increasing of late, jumping by 7.4% adding nearly US$9 billion in share value.
Another option is a full merger between the two companies but this option was shelved after the parties disagreed as to the combine company's leadership structure and the location of the corporate headquarters. As of the moment, there are no formal discussions are ongoing but would most likely to restart in the next few months.
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