Verizon and Vodafone agree $130bn deal

GMT 16:41 2013 Monday ,02 September

Arab Today, arab today Verizon and Vodafone agree $130bn deal

Arab Today

US telecoms giant Verizon said Monday it had reached a deal with Vodafone to acquire its 45 percent stake in Verizon Wireless for $130 billion. Verizon said in a statement that the blockbuster deal -- which will allow Vodafone to bounce back from hefty losses -- consists primarily of cash and stock.

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