Vodafone Group to maintain Verizon share

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Vodafone Group plans to keep its 45-percent stake in Verizon Wireless for the foreseeable future, Verizon Communications CEO Ivan Seidenberg told analysts in a conference call.

Seidenberg went on to say that Sarin told him that John Bond, Vodafone’s new chairman, felt the same way about the partnership with Verizon Communications. Seidenberg added that he and Sarin had agreed that both men would “make sure that we clarify to our respective investors that at this point in time there really isn’t much reason for people to speculate over any change in the whole arrangement between the two companies.”

The second quarter was another strong one for Verizon as they increased the average revenue per user and continued its long streak of impressive customer growth and pushed its churn levels to another all-time low.

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