LONDON • Britain's Vodafone PLC, one of the world's largest cellphone companies, confirmed Thursday that it was talking to Verizon Communications about selling its stake in Verizon Wireless, the No. 1 mobile carrier in the U.S.
The U.K. company is mulling its options for its 45 percent stake in Verizon Wireless. Verizon Communications owns the other 55 percent.
Analysts have suggested that Verizon wants to pay around $100 billion for Vodafone's stake, although reports have said that U.K. group is pressing for as much as $130 billion.
Verizon Communications' stock rose $1.26, or 3 percent, to close at $47.82 on Wednesday. It had jumped $3.55, or 7.6 percent, to $50.11 in premarket trading about an hour before the stock market opened. Meanwhile Vodafone's London-listed share price rose 8.8 percent to 2.06 pounds.