According to Reuters, Verizon and Vodafone are prepared to announce a $130 billion deal that’ll buy out Vodafone’s interest in Verizon Wireless and put control of the carrier in the hands of US-based Verizon Communications.
Vodafone, which owns 45 percent of Verizon Wireless, will get $58.9 billion in cash, $60.2 billion in Verizon stock, and an additional $11 billion in other transactions. Both Verizon’s and Vodafone’s board of directors unanimously approved the deal. The transaction is expected to close sometime early next year.
Sell Your Old Cell Phone for Cash
Select your device below to begin:
Buy a New Cell Phone
Best Sellers from AT&T
New Releases from AT&T
See all cell phones from AT&T
Best Sellers from Sprint
New Releases from Sprint
See all cell phones from Sprint
Best Sellers from Verizon
New Releases from Verizon
See all cell phones from Verizon