In the past few weeks, both the companies have conducted wide ranging talks intended to break the stalemate over the bright future of Verizon Wireless. Vodafone owns 45% stake of the American telecom giant whereas Verizon wireless owns the remaining 55 % stake.
Most people think that a merger of these two telecom giants is the ideal solution to this seemingly never ending problem. However, prominent sources are not very optimistic about the merger taking place between Vodafone and Verizon Wireless.
Vodafone, as of today, has a market net worth of $ 117 billion. It is extremely likely that Vodafone and Verizon Wireless will reach an agreement through talks that will permit Vodafone to sell its stake in Verizon Wireless over a period of time. Nevertheless, the stake that Vodafone owns in Verizon Wireless is worth close to $ 60 billion. Selling this would give Vodafone a gigantic tax invoice.