Vodafone, Verizon to pool enterprise units: report
LONDON | Sun Mar 13, 2011 12:05pm EDT
(Reuters) - British mobile operator Vodafone and its U.S. partner Verizon plan to combine parts of their businesses and share some equipment costs, according to a report in Britain's Sunday Times.
The report said the pair were examining plans to pool parts of their enterprise divisions that serve multi-national clients and that the two companies were considering buying network equipment together.
Vodafone is close to striking a deal to extract a dividend from Verizon Wireless, its U.S. joint venture with Verizon, for the first time since 2005.
Vodafone was not immediately available for comment.
(Reporting by Rhys Jones; Editing by Louise Heavens)
Credit: Reuters (www.reuters.com)
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