Verizon Tag

With Verizon Communications expected to announce the terms under which it will buy out Vodafone’s 45% stake in the pair’s US joint venture for up to US$130bn later today, attention is turning to how the UK telecoms company is likely to spend the proceeds. Although details...

Verizon Communications has moved closer to acquiring Vodafone’s 45% stake in the two companies’ US joint venture for a price believed to be around US$130bn. Sources close to the process say the Verizon is on the verge of concluding an arrangement with several banks to put...