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Verizon, Vodafone Reach $130 Billion Deal To Buy Wireless Unit Stake
2013-09-02 11:22:55| Telecom - Topix.net
Verizon Communications reached a $130 billion deal to buy out the 45 percent stake in Verizon Wireless it does not already own from Vodafone Group, The Wall Street Journal reported Sunday, saying an announcement could come as early as Monday.
VIDEO: Vodafone: No UK tax on 84bn sale
2013-09-02 10:29:46| BBC News | Business | UK Edition
Vodafone says talks about the sale of its 45% stake in Verizon Wireless of the US are "advanced" and it has put a value on the deal of $130bn (84bn).
Vodafone values Verizon Wireless stake at USD 130 bln
2013-09-02 08:37:00| Telecompaper Headlines
(Telecompaper) Vodafone has confirmed the price tag for its 45 percent stake in Verizon Wireless, at USD 130 billion. Responding to press speculation that a deal to sell the stake to Verizon Communications is imminent, the company said in a statement that the payment would be a mixture of Verizon shares and cash. People familiar with the matter told the Wall Street Journal that a deal could be announced as early as 02 September. Vodafone would pay about USD 5 billion in tax on the sale, while also receive Verizon's stake in Vodafone Italia, which is valued at about USD 5 billion as part of the payment, the Financial Times reported. The remaining USD 120 billion would be split equally between cash and equity in Verizon, according to the paper's sources.
Tags: values
wireless
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vodafone
Verizon, Vodafone close to $130B deal
2013-09-02 03:10:44| IT Services - Topix.net
Vodafone said Sunday it is in advanced talks to sell its 45 percent stake of Verizon Wireless to Verizon Communications for $130 billion in cash and stock.
Tags: close
deal
vodafone
verizon
Vodafone in 'advanced' Verizon talks
2013-09-02 02:00:00| Total Telecom industry news
$130 billion deal to offload Verizon Wireless stake all but confirmed.
Tags: advanced
talks
vodafone
verizon
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