The deal would be one of the largest corporate transactions of all time if it goes through
Vodafone has said talks regarding the sale of its 45% stake in Verizon Communications are "advanced" and it has put a value on the stake.
It has confirmed it is discussing selling the stake to Verizon Communications for $130bn (£84bn).
The company said last week that the talks were taking place and there have been reports that a sale could be confirmed as soon as Monday.
Vodafone warned there was no certainty an agreement would be reached.
In a brief statement in response to what it called media speculation, Vodafone said: "Vodafone confirms that it is in advanced discussions with Verizon Communications Inc regarding the disposal of Vodafone's US group whose principal asset is its 45% interest in Verizon Wireless for $130bn."
"The consideration would substantially comprise a mixture of Verizon common stock and cash."
Source: BBC News - Business http://www.bbc.co.uk/news/business-23923669#sa-ns_mchannel=rss&ns_source=PublicRSS20-sa
