Verizon Communications Inc said it does not "currently have any intention" to merge with or purchase its partner Vodafone Group Plc, either alone or in conjunction with others, in response to press reports.However, the telephone company said on Tuesday that it would still be a willing buyer of Vodafone's 45 percent share of their Verizon Wireless U.S. venture, in line with public statements Verizon has made many times over the years.Verizon's statement contradicts a report from the Financial Times Alphaville blog on Tuesday that cited unnamed sources saying Verizon and its biggest U.S. rival, AT&T Inc, had been working together on a bid for Vodafone in which Verizon would take Vodafone's U.S. assets and AT&T would take the rest.Bernstein analyst Robin Bienenstock said in a research note that any deal "other than a merger is unwelcome by Vodafone's management" as management believes that the U.S. market is more attractive than Europe for wireless.
AT&T Inc. (AT&T) is a holding company. AT&T is a provider of telecommunications services in the United States and worldwide. Shares of T traded higher by 0.86% or $0.32/share to $37.57. In the past year, the shares have traded as low as $29.95 and as high as $38.58. On average, 25198600 shares of T exchange hands on a given day and today's volume is recorded at 26226670.
Vodafone Group Plc (Vodafone) is a mobile communications company operating across the globe providing a range of communications services. Shares of VOD traded higher by 3.76% or $1.065/share to $29.40. In the past year, the shares have traded as low as $24.42 and as high as $30.07. On average, 13269600 shares of VOD exchange hands on a given day and today's volume is recorded at 45248584.
Verizon Communications Inc. (Verizon) is a holding company. Shares of VZ traded higher by 0.57% or $0.28/share to $49.50. In the past year, the shares have traded as low as $36.80 and as high as $49.59. On average, 13818800 shares of VZ exchange hands on a given day and today's volume is recorded at 12081213.
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