Antsy investors still want Vodafone to ditch Verizon

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Sack-o-cashThe Vodafone shareholder group Efficient Capital Structures continued to hound the company to drop its 45% share of Verizon Wireless at a shareholder’s meeting today. Vodafone’s apparently been sinking money into the venture, resulting in fewer dividends to investors, and Verizon’s been issuing none whatsoever while dealing with debt.

“Verizon Wireless has been a cash drain for Vodafone, a situation forecast to continue for another eight years unless agreement is reached with Verizon Communications,” said ECS in a statement. … ECS also rejected claims by Vodafone that there would be tax implications if the Verizon Wireless holding was spun-off.