Verizon and Vodafone Rekindle Talks on $100 Billion-Plus Deal

Verizon Communications and Vodafone Group have rekindled talks about a buyout of the UK company's stake in their US wireless joint venture in a deal that would likely cost Verizon well over $100 billion.

Vodafone said there is no certainty an agreement will be reached. Apparently, Verizon is in discussions with banks about the tens of billions of dollars in loans it would need to complete the deal. Verizon has sought for years to buy out Vodafone's 45% stake in Verizon Wireless, the largest U.S. cellphone carrier, but the companies have never been able to agree on price. They remained far apart earlier this year, with Verizon looking to pay around $100 billion and Vodafone hoping for more like $130 billion.