Verizon Talks Tough to Vodafone
It’s all fun and games until someone decides to take a stab at someone. In today’s news, a long time joint-venture between Verizon and Vodafone could be getting ugly in no time. Verizon’s chief executive, Lowell McAdam, made an announcement today saying that Verizon might not pay to its two owners this year.
As of right now, Vodafone still owns 45% of Verizon Wireless, but at the end of the day, Verizon Wireless still call the shots and they make the finals decision to when payouts are made. I believe this move has come as a result of Vodafone asking for a much higher price for their acquisition than Verizon had hoped for. Verizon might have planned this move to ultimately give Vodafone a stalemate.
This type of news reminds us all that no matter what business partnerships companies are involved in, there are no friends. At the end of the day, businesses will look out for their own benefit and no relationship or long term partnerships will change that. Business ethics exists but only to a certain extent.