The only deal that makes sense is to sell the whole of Vodafone to Verizon.
That is obvious.
The main people it does not make sense to are the Vodafone senior management.
So I will suggest a solution for Mr Colao.
The deal should be done with termination payments – huge ones – maybe a cumulative half a billion dollars.
That’s how much Vodafone shareholders, at least some of them, would like to get rid of today’s management; and have Verizon buy Vodafone, instead of any kind of partial deal.