Friday, 21 July 2017

Verizon, Vodafone finally ink $130bn buyout deal

By Nick Wood, Total Telecom
Monday 02 September 13

Vodafone to return $84bn to shareholders; plough £6 billion ($9.3bn) into its European mobile, fixed networks.

As anticipated, Vodafone on Monday agreed to sell its 45% stake in Verizon Wireless to Verizon for $130 billion (£84 billion). $84 billion (£54.3 billion) of the proceeds will be returned to shareholders, and around $20 billion (£12.9 billion) will be used to pay down debt following the completion of Vodafone's acquisition of Kabel Deutschland. Vodafone will invest a further £6 billion ($9…

As anticipated, Vodafone on Monday agreed to sell its 45% stake in Verizon Wireless to Verizon for $130 billion (£84 billion). $84 billion (£54.3 billion) of the proceeds will be returned to shareholders, and around $20 billion (£12.9 billion) will be used to pay down debt following the completion of Vodafone's acquisition of Kabel Deutschland. Vodafone will invest a further £6 billion ($9…

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