Verizon is denying a report that it's looking to partner with AT&T to buy Vodafone, the British cellphone company that owns 45 percent of Verizon's wireless business.
The Financial Times said Tuesday that a joint bid of $245 billion would give Verizon Communications Inc. full control of Verizon Wireless, while AT&T Inc. would take over the rest of Vodafone. Vodafone has widespread international interests, with operations in Britain, Spain, Portugal, Italy, Greece and India, among other countries.
In a statement Tuesday, Verizon said it continues to be interested in buying out Vodafone's stake in Verizon Wireless, but has no intention to bid for the entire company.
Explore further: India business leaders pledge billions in WiFi campaign