Verizonceo denies merging with Vodafone

Beijing time April 7 Morning news, according to foreign media reports, U.S. telecom operators Verizon CEO Ivan Seidenberg (Ivan Seidenberg) said in Tuesday, there is no good reason to merge with the wireless partner Vodafone Group, indicating that he still wants to operate independently of the fast growing enterprise. Seidenberg The view at a meeting of the Council on Foreign Relations in Washington, D.C. He said Verizon wanted to co-operate with Vodafone in other ways.　　The two companies now share Verizon Wireless, America's largest mobile operator. A source said last week that Verizon was in talks with Vodafone, and that it was possible to merge and possibly one party to buy the other's entire share of Verizon Wireless.　　Verizon is now a major shareholder in Verizon Wireless, which wants to use Verizon's wireless profits to repay its debt. Asked if he intended to end the partnership with Vodafone, Seidenberg said: "In the long run, you may well want to address this situation for a partner who has a minority stake in your business."　　In the fourth quarter of last year, more than half of Verizon's sales came from Verizon Wireless.　　If Verizon and Vodafone Merge and will be headquartered in the United States, it will replace Wal-Mart as the fourth-largest listed company in the US, with a market capitalisation of about $209.5 billion, according to Bloomberg data. Vodafone is a pure mobile operator, Seidenberg said, and this business model will eventually become a weakness, as the telecoms industry is moving towards a combination of fixed-line and mobile services. Not only that, he argues, it will be difficult to achieve faster growth after the merger. "There is no good reason for investors to think this is an exciting thing," he said. "In the fourth quarter of last year, Verizon's mobile revenue grew by 22% to $15.7 billion, and revenues rose 9.9% to $27.1 billion trillion." (PEI)