Vodafone sells Verizon stake for $130bn

Vodafone has agreed to sell its 45 percent stake in Verizon Wireless for $130 billion. Verizon Communications bought Vodafone out of its US wireless business, signing the third largest corporate deal in history. Vodafone will get $58.9bn in cash, $60.2bn in Verizon stock, and $23.9bn in cash after the deal is finalised, likely to be in Q1 of 2014.
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A Vodafone branded taxi passes a logo on a billboard at the Imax cinema September 3, 2013 in London, England. Vodafone has agreed to sell it's 45 percent stake in Verizon Wireless for $130 billion. (Getty Images)
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Shoppers walk past a Vodafone store in Oxford Street on September 3, 2013 in London, England. Vodafone has agreed to sell it's 45 percent stake in Verizon Wireless for $130 billion. (Getty Images)
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A Vodafone branded taxi drives on Waterloo Bridge on September 3, 2013 in London, England. Vodafone has agreed to sell it's 45 percent stake in Verizon Wireless for $130 billion. (Getty Images)
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A Vodafone store in Oxford Street on September 3, 2013 in London, England. Vodafone has agreed to sell it's 45 percent stake in Verizon Wireless for $130 billion. (Getty Images)
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Shoppers walk past a Vodafone store in Oxford Street on September 3, 2013 in London, England. Vodafone has agreed to sell it's 45 percent stake in Verizon Wireless for $130 billion. (Getty Images)
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A Vodafone billboard advert dominates the Imax cinema near Waterloo on September 3, 2013 in London, England. Vodafone has agreed to sell it's 45 percent stake in Verizon Wireless for $130 billion. (Getty Images)
Wed 04 Sep 2013 11:32 AM GST
Last Updated: Mon 23 Jan 2017 04:38 PM GST