The 10 Biggest Telco Stories Of 2013


2. Verizon Ponies Up $130 Billion For Vodafone's Remaining Stake

Verizon in September announced plans to become sole owner of its popular U.S. wireless business by the first quarter of 2014, in a move the telecommunications giant said will help it cash in on increasing demand for 4G LTE and broadband services.

Verizon specifically said it will plunk down $130 billion in both cash and stock in exchange for British carrier Vodafone's 45 percent stake in Verizon Wireless.

Verizon and Vodafone were in talks for years before settling on the deal announced in September, according to a report from The Wall Street Journal, citing people familiar with the matter. The companies reportedly struggled to agree on a price for Vodafone's stake, with Verizon earlier this year offering $100 billion but Vodafone wanting something closer to the $130 billion range.

 



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