Verizon Shareholders Give Vodafone-VzW Deal the Green Light
By Kimberly Koerth
January 29, 2014 - News
Comments

**Editor's Note: Please click here for a recap of the biggest communications mergers in Q4 2013.**

A majority of Verizon Communications shareholders have approved the purchase of the 45 percent of Verizon Wireless the company doesn't already own from Vodafone.

Vodafone gets 1.28 billion shares of Verizon stock in the $130 billion deal.

“Acquiring Vodafone’s stake in Verizon Wireless will provide Verizon with greater financial flexibility to invest in new technologies and address evolving customer demands," Verizon chairman and CEO Lowell McAdam said. "This is critical because we believe that, when it comes to wireless growth, we are just getting started."

The acquisition remains subject to regulatory approval in the U.K. and other customary closing conditions. On Dec. 4, 2013, Verizon received the OK needed from the Federal Communications Commission for the acquisition. The transaction is expected to close on or about Feb. 21, 2014.

Comments
comments powered by Disqus
Related News
News
Josh Long
News
FirstLight Fiber, which provides high-speed data, Internet, colocation and voice services to
Craig Galbraith
News
Business software and solutions provider Vertical Communications has named Fulton Communications
Craig Galbraith
Article