Vodafone Idea says board has no proposal from Amazon, Verizon

BENGALURU: Vodafone Idea said on Thursday its board had no investment proposal to consider from U.S. wireless carrier Verizon Communications Inc or Amazon.com Inc.

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.