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Vodafone Idea Shares Jump 14% On Reports Of Amazon, Verizon Stake

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Shares in Vodafone Idea jumped as much as 14 per cent to Rs 11.3, after reports that Amazon and Verizon were planning a stake in the company.

According to a report in the Mint, Amazon.com Inc. and Verizon Communications, the largest wireless carrier in the US, are set to resume talks to buy a significant stake in struggling Vodafone Idea Ltd for more than $4 billion, two people aware of the negotiations said.

 

"The stake-sale talks were paused because the outcome of a Supreme Court case on staggered payments of government dues was uncertain and could have threatened the survival of Vodafone Idea, the people said seeking anonymity," the Mint stated quoting sources.

Vodafone Idea Shares Jump 14% On Reports Of Amazon, Verizon Stake
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