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LONDON (AP) - British mobile phone operator Vodafone Group PLC said Wednesday it has no plans to sell its stake in Verizon Wireless, attempting to end speculation about the future of its U.S. operations.
Vodafone, the world's largest mobile phone company, said it had decided not to exercise its rights to sell the stake to Verizon Communications Inc., which owns the remaining 55 percent of Verizon Wireless.
"Verizon Wireless is a market-leading business with strong growth prospects and the board of Vodafone continues to believe that retaining its full 45 percent interest is in the best interests of shareholders," the company said in a statement to the London Stock Exchange.
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