Is Verizon Communications Inc. (VZ) Giving Vodafone Group Plc (ADR) (VOD) Something It Can’t Turn Down?

Verizon Wireless is the real moneymaker, while the wired side is a snoozer.

Source: 10-Q. Reconciling items and consolidated total not shown.

As growth shifts toward wireless, Verizon Communications Inc. (NYSE:VZ)’s net income attributable to noncontrolling interests (i.e., Vodafone’s share of the profits) likewise rises.

Source: 10-Q.

In case you haven’t heard, Europe is facing a tough macroeconomic environment, which is putting a damper on Vodafone Group Plc (ADR) (NASDAQ:VOD). Verizon Wireless has helped shore up its results. Vodafone’s share of Big Red’s bottom line accounted for 42% of Vodafone’s adjusted operating profit last year. Verizon Communications Inc. (NYSE:VZ) Wireless sent $4.5 billion to Vodafone last year, of which $3.1 billion was distributed to Vodafone shareholders. Meanwhile, the company’s free cash flow fell 13% and adjusted earnings per share were down 11%.

Even if Vodafone is “open” to selling its stake, it probably isn’t thrilled about it unless the price is right. Verizon’s bringing the heat.

The article Is Verizon Making Vodafone an Offer It Can’t Refuse? originally appeared on Fool.com.

Fool contributor Evan Niu, CFA, owns shares of Verizon Communications. The Motley Fool recommends Vodafone.

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