M&A

19 November, 2009

Vodafone CEO says needs solution for U.S. JV

BARCELONA, Nov 19 (Reuters) - Vodafone (VOD.L), the world's largest mobile operator, said one of the most important issues on its agenda was to resolve differences with U.S. mobile operator Verizon (VZ.N) over dividends from their joint venture.

"We need to solve the U.S. situation," Chief Executive Vittorio Colao said at the Morgan Stanley TMT conference in Barcelona on Thursday. He did not disclose any details

Vodafone has a 45 percent stake in Verizon.

Colao has in the past repeatedly said the group was happy with its joint venture in the United States but that the board always reviewed the situation. (Reporting by Nicola Leske; Editing by David Holmes)

Source: http://www.reuters.com