NEW YORK, NY, (NAMC) – As the telecommunications industry begins to roll back into a battle of two and as AT&T (NYSE:
T ) is one the verge of consolidating the industry once again, Verizon (NYSE:
VZ) is not waiting for the fallout.
According to reports Verizon is in talks with Vodfone (NYSE:
VOD) to potentially buy the stake that Vodfone has in Verizon Wireless, a deal that could be worth close to $40 billion. But there may be a hiccup in the plans as venture capital firms are eyeing this as an opportunity,
Apax and CVC Partners may be looking to purchase Vodafone itself for over $173 billion according to U.K. papers.
And the battle rages on.
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