Verizon: All Together Now?
In the past, Verizon has made no secret of its interest in buying out Vodafone's stake in the wireless venture. So Sunday's report from the U.K. newspaper Business that Verizon has put forward an informal $40 billion bid for the operation isn't that surprising, especially now that AT&T Inc. (NYSE: T)'s bid for BellSouth Corp. (NYSE: BLS) will consolidate the operations of Verizon Wireless's major U.S. rival, Cingular Wireless . (See Cingular's Converged Future.)
"Any time is a good time to bid for Verizon Wireless," says Roger Entner, analyst at Ovum Ltd. . "It's a great organization and growing very nicely."
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— Dan Jones, Site Editor, Unstrung