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Vodafone entered the fray on January 7 with a bid of around $fifty five billion, or $89 per share. Negotiations continued for the following several days until, on January 15, Vodafone agreed to pay $ninety seven per share, for a total of $sixty two billion. That price was 33% more than Bell Atlantic’s original supply and 43% greater than AirTouch’s share worth before the first rumors of Bell Atlantic’s provide had surfaced. Implicit in the deal was the truth that for its shareholders to interrupt even, Vodafone would have to discover price financial savings and income generators value at least $20 billion. But the market preferred this deal very much. Through the course of this bidding struggle, Vodafone’s stock worth actually elevated some 14%.

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