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Verizon Completes Vodafone Buyout

Feb 21, 2014, 8:48 AM by Eric M. Zeman
updated Feb 21, 2014, 9:46 AM

Updated: rewrote post to reflect that the deal officially closed.

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.

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aeternavi

Feb 21, 2014, 12:50 PM

I'm sure...

At the rate both companies are going... Big Red will be bought by Facebook or Google. Seems legit.

Versed

I'm sure your comment was in jest, but no way FB could crack that nut, and if Google was to move on anything, I can see them buying softbank or tmo usa.

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