Verizon Communications has agreed to buy Vodafone’s share of its US mobile phone business for $130 billion.
The deal will involve Verizon acquiring Vodafone’s US business - which owns 45% of Verizon Wireless - for $58.9 billion cash and most of the remainder in stock. As a result, Verizon will gain complete ownership of the wireless business that bears its name.
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Vodafone has confirmed it’s considering the sale of its stake in US-based Verizon Wireless.
Verizon Communications currently owns 55% of the joint venture, with Vodafone owning 45%.
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Podcast - 14th August 2013
This week we're talking about BlackBerry's options for the future, Vodafone's 4G launch, Apple's patent victory and LG's new smartphone.
We also discuss ZTE selling its Firefox phones on eBay, Nokia's acquisition of NSN, the cost of phone calls in Europe, the controversy about recycling bins that monitor footfall and the new face promoting HTC.
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ZTE, which recently launched its Firefox OS smartphone with Telefónica, says it’ll start selling the handset on eBay in the USA and the UK from Friday.
The unlocked ZTE Open will cost £59.99 ($79.99) SIM-free.
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Welcome to the not-so-silly season
Mark Bridge writes:
August is traditionally known as the ‘silly season’… but last week’s mobile industry news was all very serious. Apple started with a move designed to reassure customers about unsafe iPhone chargers by arranging a discounted exchange scheme – and it ended the week with a patent victory in the USA.
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