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Vodafone is reportedly looking at an exit from the US. The company has been in talks with Verizon over the sale of it’s 45% stake in Verizon wireless, America’s largest mobile phone provider.

A number of options have been reported including the merger of the telecoms giants. It looks more likely that Vodafone will exit the US and a £80bn deal maybe reached in the summer.

It looks likely the money generated will be used on a European deal or a return of cash to its shareholders.

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