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FCC approves Verizon purchase of Vodafone stake in Verizon Wireless

2013-12-04 23:32:32| InfoWorld: Top News

The U.S. Federal Communications Commission has given its blessing to Verizon Communication's proposed $130 billion purchase of the stake that Vodafone Group has in Verizon Wireless. The FCC Wednesday approved a Verizon petition to allow the company to be more than 25 percent owned by foreign investors, with the Vodafone deal distributing Verizon shares to stockholders in the U.K. company. The FCC also approved the transfer of control of Vodafone's share to Verizon.

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