Ah, rumors. The latest is that Vodafone (VOD) will be the next distributor of the Apple (AAPL) iPhone. RIght now AT&T (T) wireless has the exclusive on the device in the US. Vodafone has a minority interest in Verzon Wireless.

Vodafone is the largest cellular sevice provider in Europe, and Credit Suisse has reported that the company may get the exclusive for marketing the ultra-hot handset for that region. If the iPhone upgrades to be able to work on 3G networks, it could have a very large market in the region. The current model works on 2.5 G.

Vodafone’s shares will likely to react to the news, early and unreliable as it may be.

Douglas A. McIntyre can be reached at douglasamcintyre@247wallst.com.