Vodafone CEO downplays merger talk with Verizon

Even though Verizon Wireless (NYSE:VZ) is jointly owned by Vodafone (which holds a 45 percent stake) and Verizon Communications (which owns 55 percent), Vodafone CEO Vittorio Colao said that a merger with Verizon Communications is not likely.   Speaking at the Goldman Sachs Communacopia XIX Conference, Colao said that he would keep an open mind, but that a merger would be much more complex than other options, like Verizon buying Vodafone's stake or Verizon Wireless paying a dividend to both parent companies, which it has not done since 2005. "Theoretically, conceptually, it's an option, but practically it's less likely than the other two," Colao said. Verizon Communications CEO Ivan Seidenberg has also said that a merger does not make sense. Article


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