
To justify what would be one of the largest deals in history, Verizon
would have to be confident that the growth of Verizon Wireless will
remain consistently strong, he said. By contrast, Vodafone would have to
believe that the American wireless business is stagnating and that
Verizon Wireless cannot grow much more,“Vodafone faces a strategic challenge in its European business,” said
Mr. Marsch of Berenberg Bank. By selling its 45 percent stake in Verizon
Wireless, Vodafone could receive a large war chest to finance potential
acquisitions and renewed investment in so-called fourth-generation
wireless networks.
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