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Verizon wins approval for $130 billion takeover of Vodafone’s share of its wireless network


Months after Verizon confirmed its $130 billion buyout of Vodafones stake in Verizon Wireless, the FCC has given its approval. With the commissions blessing, Verizon will have complete control of its lucrative wireless communications business when the purchase closes in Q1 2014. Verizon will have complete control of its wireless business As part of the approved deal, Verizon, currently a 55-percent stakeholder in Verizon Wireless, will buy back the 45-percent stake Vodafone has owned since 1999.

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