Verizon is denying a report that it's looking to partner with AT&T to buy Vodafone, the British cellphone company that owns 45 percent of Verizon's wireless business.
The Financial Times said Tuesday that a joint bid of $245 billion would give Verizon Communications Inc. full control of Verizon Wireless, while AT&T Inc. would take over the rest of Vodafone. Vodafone has widespread international interests, with operations in Britain, Spain, Portugal, Italy, Greece and India, among other countries.
In a statement Tuesday, Verizon said it continues to be interested in buying out Vodafone's stake in Verizon Wireless, but has no intention to bid for the entire company.
Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
