Sarin vs Seidenberg

6 February 2004

The UK mobile group can only justify bidding for AT&T Wireless if it can sell its minority stake in Verizon Wireless at a premium. If Vodafone can persuade Verizon Communications, the majority owner, to do that, it will really have played a blinder.

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Vodafone and Verizon Communications are in discussions about how to manage their relationship during the bidding for AT&T Wireless, should Vodafone decide to make an offer, the Wall Street Journal reported, citing people familiar with the situation.

The UK mobile operator owns 45% of Verizon Wireless, a US carrier majority owned by Verizon Communications.

ATTW, another US mobile operator, has put itself up for sale. It has set a deadline of February 13 for interested parties to submit bids.

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