Vodafone, one of the world’s largest mobile phone companies, has confirmed it is in discussions with Verizon Communications to sell its operations in the United States.
The British wireless provider is mulling its options for its 45 percent stake in the US’s Verizon Wireless, of which Verizon Communications owns the other 55 per cent.
Analysts have suggested that Verizon wants to pay around $100 billion for Vodafone’s stake, although reports have said that UK group is pressing for as much as $130 billion.
Vodafone, which has wide-ranging interests and is expanding in Europe, has long been rumoured to be interested in a US exit.
Net income at Verizon Communications was $2.25 billion last year.