Verizon Poised To Gain Full Control Of Wireless Business
NPR
Monday, September 2, 2013
Update RequiredTo play audio, update browser or
Flash plugin.
Copyright 2024 NPR. To see more, visit https://www.npr.org.
Verizon and Vodafone are joint owners of the nation's No. 1 wireless provider Verizon Wireless. Over the weekend, the two companies were in talks to finalize the terms of a $130 billion deal. That's how much Vodafone is asking for its 45 percent stake in the company.
Transcript
(SOUNDBITE OF THEME MUSIC)
STEVE INSKEEP, HOST:
NPR's business news starts with a Vodafone-Horizon deal.
Those two telecom firms are joint owners of the nation's number one wireless provider, Verizon Wireless. Now, Verizon has a chance to acquire full control, as it has wanted to do for years.
Over the weekend, the two companies finalized the terms of a $130 billion deal. That's how much Vodafone is asking for its 45 percent stake in the company. If their boards approve that deal today, it would be the third largest corporate acquisition of all time. Transcript provided by NPR, Copyright NPR.
View this story on npr.org
Follow us for more stories like this
CapRadio provides a trusted source of news because of you. As a nonprofit organization, donations from people like you sustain the journalism that allows us to discover stories that are important to our audience. If you believe in what we do and support our mission, please donate today.
Donate Today