Tuesday, July 24, 2007

Another mega-merger in the works?

Vodafone Group will tomorrow make a decision on the future with Verizon Wireless. Vodafone could be making a $160 billion bid for Verizon Wireless as it currently owns 45% of the USA telecoms giant or opt for a lesser share ownership. How the US market reacts to this will be of interest to major industry players in North America. Should Vodafone opt to sell some of their Verizon shares, they might need to re-invest that money. Could they then head further north to the Canadian market?

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