Windfall for Vodafone with $130 bln Verizon Wireless deal

2013-09-02 39

A huge and historic deal has been announced in the telecoms world as US company Verizon said it was buying the 45 percent of its mobile phone business that its did not already own.

It is to pay 130 billion dollars - almost 100 billion euros - for Verizon Wireless in a mixture of cash and stock.

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