Buyout of Vodafone stake is feasible but not imminent, McAdam says

01/8/2013 | Wall Street Journal, The · Nasdaq.com

Verizon Communications CEO Lowell McAdam said Monday that the company has the ability to purchase all of Verizon Wireless, after failing in a 2006 attempt to buy the 45% stake owned by Vodafone. McAdam added, however, that Verizon had no plans to do so because the partnership was performing well. "I think [a deal] is feasible. Our wireline business is getting stronger and as that gets stronger, it makes it easier," he said. Also, McAdam told an investor conference that Verizon will likely incur one-time charges of up to $10 billion in the fourth quarter because of costs from Superstorm Sandy, pension obligations and debt restructuring.

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