Financial Times FT.com

Verizon presses Vodafone to leave venture

By Andrew Parker and Andrew Edgecliffe-Johnson in London

Published: June 26 2008 23:33 | Last updated: June 26 2008 23:33

Verizon Communications has stepped up the pressure on Vodafone to sell out of Verizon Wireless, their mobile joint venture, saying that the second largest US telecoms company intends to be “the hunter” in future industry consolidation.

Ivan Seidenberg, chief executive of Verizon Communications, owner of 55 per cent of Verizon Wireless, told the Financial Times he would like full ownership of the US mobile operator.

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