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(YURI ARCURS/HEMERA)

Financial Times

Why it may not be a win-win deal for Vodafone and Verizon

Lex is a premium daily commentary service from the Financial Times. It helps readers make better investment decisions by highlighting key emerging risks and opportunities.

Win-win scenarios rightly invite skepticism, at least where investors are concerned. So what to make of share price rises at Vodafone and Verizon Communications this week as the odds rose on a blockbuster sale by the former to the latter of its 45-per-cent stake in Verizon Wireless?