Verizon Completes Vodafone Buyout
Verizon Communications today became the sole owner of Verizon Wireless. Verizon Wireless was launched as a joint venture between Verizon Communications and Vodafone Group. Verizon owned 55% and Vodafone owned 45%. Verizon proposed last year to purchase the portion of Verizon Wireless that it didn't own from Vodafone for $130 billion. The deal was given FCC approval in December and shareholder approval in January. The deal officially closed this morning. Verizon Communications now has full control over Verizon Wireless, and Vodafone, which is based in the U.K., has been reduced in value by about half.
Verizon Picks Up XO's Fiber Network to Beef Up Backhaul
Verizon Communications today said it has agreed to acquire XO Communications' fiber business for $1.8 billion. The deal, says Verizon, will help it serve its enterprise and wholesale customers, as well as allow Verizon to further densify its cellular network.
Verizon to Buy Yahoo's Internet Business for $4.8B
Verizon Communications today said that it has agreed to buy Yahoo's core internet and search businesses for $4.83 billion. Yahoo's properties will join AOL under Verizon's ownership, to be managed by Marni Walden, EVP and President of the Product Innovation and New Businesses organization at Verizon.
Verizon Debuts Discounted iPhone Promo
Verizon Wireless said customers can save big on select iPhones with a new offer that kicks off January 29. New and existing customers who add a new line of Verizon Unlimited service will be able to buy the iPhone 8, iPhone 8+, or iPhone X and get a $699 discount off a second iPhone 8, 8+, or X.
Verizon Closes Acquisition of AOL
Verizon Communications today finalized its acquisition of AOL. AOL now exists as a wholly owned subsidiary of Verizon.