The Vodafone share price surged by 6.8 percent on Wednesday on news of a merger with Verizon. The increase in Vodafone’s share price added over 22 points to the index.
Reports stemming from Bloomberg indicated that both Vodafone and Verizon have been discussing a number of options including a full merger as well as potential sale of Vodafone’s stake in Verizon.
Vodafone’s impressive surged helped limit the FTSE 100′s 4.31 point fall on Wednesday.