Vodafone Idea: No plan to acquire Voda Idea, says Verizon exec
CHENNAI: Amid reports that US telecom giant Verizon is among top suitors to acquire cash-strapped Vodafone Idea, a global Verizon official denied such plans on Tuesday."We are not buying Vodafone, definitely not...It's not a question of regulatory [climate] but of opportunity. If the US wasn't big enough or wasn't growing, we would have looked [at India]. There is opportunity for us [consumer division] to grow further in the US and thus we are staying focused and doubling down capital committments there," Sowmyanarayan Sampath, CEO, Verizon Consumer Group, said in a media interaction here.Vodafone Idea also denied that it was in talks with Verizon, Amazon, or Elon Musk-owned Starlink on acquisition. "India is a critical part of our growth plans...It is about capabilities and accessing tal...
