Lowell McAdam, Chief Executive Officer of Verizon Communications Inc., said that the company may acquire 45% stake owned by Vodafone Group Public Limited Company in Cellco Partnership (Verizon Wireless). Verizon Communications owns 55% stake in Verizon Wireless. "Verizon has "always said we would love to own that entire asset" and that it now appears "feasible".

Our wire line [fixed line telephone] business is getting stronger and, as that gets stronger, it makes it easier," he added. Vodafone shares rose 4.1p to 163.8p after the news.