By Agustino Fontevecchia – a deal could come at a price of between $130 and $137 billion, and would create the largest U.S. phone operator, leaving AT&T T +0.13% behind. To go ahead with the transaction, not only will Verizon’s chief executive Lowell McAdam have to convince his British counterparts at Vodafone to sell for less than they want to, but he will also have to raise a lot of cash, issuing possibly $120 billion in debt and stock.
Management on both side have begun the valuation fight. more> http://tinyurl.com/cudewwq
- Verizon says will not pay a premium for Vodafone stake →
- Verizon gorilla eyes Vodafone gorilla – who will win? ←
- Verizon seen having clear path to funds for Vodafone deal, Natalie Harrison and Danielle Robinson, Reuters
- Vodafone Shareholders Want Verizon Talks to Start at $120 Billion: Report, Michelle Maisto, eWeek