Vodafone Confirms Talks Underway With Verizon Wireless To Sell Its Stake

Earlier today rumors were circulating that Verizon Wireless is currently in talks with Britain's Vodafone to buy back the latter's 45 percent stake in the largest U.S. carrier. Vodafone has now confirmed that talks are indeed underway, adding that there's “no certainty” that both parties will reach an agreement. Analysts expect that if a deal is reached, it may be worth up to $125 billion, making it one of the biggest deals to take place worldwide in the last decade, second only to Vodafone's acquisition of German carrier Mannesmann in 2000 for which it paid $181 billion. So what would Vodafone do with this massive cash influx.

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