• Associate Sponsor

Vodafone,Verizon to vote on merger deal

A deal,which the sources said could be announced as soon as Monday,would cap Verizon’s decade-long effort to win full control of the No. 1 US wireless provider

Written by Reuters | New York | Published: September 2, 2013 2:31 am

The boards of Verizon communications and Vodafone Group are expected to vote this weekend on a $130 billion deal,funded by about $65 billion of debt,to give the US telecom giant complete ownership of Verizon Wireless,people familiar with the matter said.

A deal,which the sources said could be announced as soon as Monday,would cap Verizon’s decade-long effort to win full control of the No. 1 US wireless provider.

At $130 billion,it would be the third-largest corporate acquisition of all time and mark British telecom giant Vodafone’s exit from the large but mature US market.

For all the latest News Archive News, download Indian Express App

  1. No Comments.
Adda