The Motley Fool

Vodafone Group Plc Soars After Confirming Verizon Wireless Discussions

Shares in Vodafone (LSE: VOD) (NASDAQ: VOD.US) flew up over 9% this morning, following the confirmation that it is in discussions with Verizon Communications (NASDAQ: VZ.US) over the disposal of its US operations.

The stock smashed through the 200p price point that it’s been flirting with for months now, reaching 207p in early trade — heights last seen over 10 years ago.

5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!

According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…

And if you click here we’ll show you something that could be key to unlocking 5G’s full potential...

Management stated that there was “no certainty that an agreement will be reached”; however, investors will be confident of a positive resolution following Verizon’s long courtship of Vodafone’s share in their joint-venture, Verizon Wireless — a deal that could be worth as much as $130bn.

The money gained from a sale could go towards further acquisitions after Vodafone recently completed the takeover of Kabel Deutschland, as chief executive Vittorio Colao looks to shift the company’s focus towards becoming a ‘one-stop shop’ encompassing mobile, broadband and television.

Verizon has repeatedly stated in public its desire to purchase Vodafone’s 45% stake, while rumours of a merger have persisted despite both camps’ attempts to douse those particular flames. One of the main stumbling blocks for a potential deal has been the heavy taxes that Vodafone might incur from a sale, though Verizon has oft disputed that this would be the case.

At the end of June, analysts at Deutsche Bank were setting a target price of 217p after upgrading Vodafone to a ‘buy’. With a tasty yield of around 5.4%, I’m more than happy to hold my shares and receive dividends while this scenario plays out.

But if you are looking for alternative investment opportunities outside of Vodafone, then this exclusive wealth report reviews five particularly attractive possibilities.

Indeed, all five opportunities offer a mix of robust prospects, illustrious histories and dependable dividends, and have just been declared by the Fool as 5 Shares You Can Retire On!

Just click here for the exclusive report — it’s completely free.

> Sam owns shares in Vodafone. The Motley Fool has recommended shares in Vodafone.

5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!

According to one leading industry firm, the 5G boom could create a global industry worth US $12.3 TRILLION out of thin air…

And if you click here, we’ll show you something that could be key to unlocking 5G’s full potential...

It’s just ONE innovation from a little-known US company that has quietly spent years preparing for this exact moment…

But you need to get in before the crowd catches onto this ‘sleeping giant’.

Click here to learn more.

Our 6 'Best Buys Now' Shares

The renowned analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.

So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we're offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our 'no quibbles' 30-day subscription fee refund guarantee.

Simply enter your email address below to discover how you can take advantage of this.

I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement.