Verizon Communications CEO Ivan Seidenberg is disabusing rumors of a possible merger with Vodafone, saying such a move would not create a major growth opportunity. "There's no compelling reason that this is an exciting thing to do," Seidenberg said. The comments come on the heels of reports that surfaced last week of a possible multibillion-dollar merger deal between the companies, which currently operate Verizon Wireless as a joint venture in the U.S.

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