Verizon talk boosts Vodafone

Vodafone’s shares are expected to rise in London this morning following market speculation that its US partner Verizon is looking to buy the firms’ joint venture, or even merge with the British company. US mobile network Verizon Communications, which Vodafone owns 45 per cent of compared to Verizon’s 55 per cent, has been a source of tension between the two. Vodafone shares rose 5.16 per cent in New York after London closed.