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Tuesday, May 14, 2013

Vodafone to receive dividend from Verizon

US mobile network Verizon Wireless has announced that it’ll pay its owners a $7 billion dividend on 25th June. The company is jointly owned by Verizon Communications (55%) and Vodafone (45%), which means Vodafone will receive the equivalent of just over £2 billion.

Vodafone says it’ll explain how it’s going to use this dividend next week. A number of commentators have suggested there’ll be a payment to shareholders as well as an investment in new technology.

Last year was the first time since 2005 that Verizon had made dividend payments.

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Author: The Fonecast
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Categories: Networks and operators, NewsNumber of views: 966

Tags: vodafoneusaverizon

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