India’s Vodafone Idea says board has no proposal from Amazon, Verizon

BENGALURU (Reuters) – Vodafone Idea (VODA.NS) said on Thursday its board had no investment proposal to consider from U.S. wireless carrier Verizon Communications Inc (VZ.N) or Amazon.com Inc (AMZN.O).

FILE PHOTO: The logo of Amazon is seen at the company logistics center in Lauwin-Planque, northern France, April 22, 2020 after Amazon extended the closure of its French warehouses until April 25 included, following dispute with unions over health protection measures amid the coronavirus disease (COVID-19) outbreak. REUTERS/Pascal Rossignol

The Indian mobile firm added, however, that it constantly evaluates opportunities for enhancing stakeholders’ value.

Vodafone Idea’s statement followed a report in local newspaper the Mint that Verizon and Amazon may invest more than $4 billion for a stake in heavily indebted Vodafone Idea.

The telecoms carrier’s shares rose as much as 30% following the report.

Vodafone Idea won something of a reprieve this week as

Read More