Vodafone the second largest ( behind China Mobile) mobile telecoms company in the world. I have a holding in my income portfolio (epic code: VOD).
Vodafone commented on press speculation this morning, confirming that it is in discussions with Verizon Communications Inc. regarding the possible disposal of Vodafone's US group whose principal asset is its 45% interest in Verizon Wireless. Various analysts have stated that they believe that the price will be in excess of $110bn with a likely tax charge of $10bn.
If the deal does take place, then use of the funds will determine whether VOD continues to hold value for income investors after the sale of its most valuable asset.
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