Verizon to pay dividends in 2012

US communications firm Verizon hinted it may resume dividend payments at its joint venture with Vodafone in 2012. The company, which holds a 55 per cent controlling stake in Verizon Wireless, stopped paying dividends in a move widely seen as an attempt to squeeze Vodafone out. Verizon chief executive Ivan Seidenberg said it would probably resume dividends once it had paid off its remaining debt. It has $15bn (£9.6bn) net debt but generates $1bn in cash a month.