Vodafone and Verizon in $130 bn mega-deal | Bangkok Post: news

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Vodafone and Verizon in $130 bn mega-deal

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US telecoms giant Verizon and Vodafone announced Monday they had agreed the British company would sell out its 45 percent stake in their joint venture Verizon Wireless for $130 billion (99 billion euros). 

US telecoms giant Verizon and Vodafone announced Monday they had agreed the British company would sell its 45-percent stake in their joint venture Verizon Wireless for $130 billion (99 billion euros).

The blockbuster deal -- which would be one of the biggest transactions in corporate history -- would allow Vodafone to bounce back from hefty losses, pay down debt, make new acquisitions and return money to shareholders, according to analysts.

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