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Verizon completes $130 billion buyout of Vodafone’s stake in Verizon Wireless

21
Feb
2014

Verizon has completed its $130 billion purchase to take complete control of Verizon Wireless. The deal, announced back in September, sees Verizon take back the 45 percent stake in Verizon Wireless that European carrier Vodafone has owned since 1999. The sale, according to Bloomberg, is the largest of the past decade, and it roughly cuts the value of Vodafone in half, to $100 billion. The deal also moves Vodafone from the second largest phone company in the world down to fourth, behind China Mobile, ATT, and Verizon.

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