McAdam says Vodafone buyout is "feasible," not imminent

01/8/2013 | Bloomberg Businessweek · Wall Street Journal, The

Vodafone investors were cheered by statements Monday from Verizon Communications CEO Lowell McAdam that the company had the ability to purchase all of Verizon Wireless after failing in a 2006 attempt to buy the 45% stake owned by the U.K. telecom company. But McAdam also added that Verizon had no plans to do so because the partnership was performing well. "I think [a deal] is feasible. Our wireline business is getting stronger and as that gets stronger, it makes it easier," he said in an interview. However, he said, "I don’t feel compelled to go out and take action to make something happen."

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Bloomberg Businessweek · Wall Street Journal, The

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