Verizon + AT&T = Vodafone

As per reports in some of the papers, the two largest American operators, Verizon and AT&T, are putting together a takeover bid for Vodafone. The bid would offer an around 40 percent premium to Vodafone's current share price, or about 260 pence per share. This would value Vodafone at about USD 245 billion. Under the proposal, Verizon would buy Vodafone's 45 percent stake in their Verizon Wireless joint venture, while AT&T takes over Vodafone's non-US assets. However nothing is official till date.