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It's officially official: Verizon to buyout Vodafone for $130B, will gain full control of Verizon Wireless

Posted: , by Michael H.

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It's officially official: Verizon to buyout Vodafone for $130B, will gain full control of Verizon Wireless
It was kind of official on Saturday. It was basically official yesterday. But today, it's officially official. Verizon has confirmed that the rumored deal that would have Verizon buying out Vodafone's 45% stake in Verizon Wireless is going to happen. Verizon has agreed to pay $130 billion in cash and stock to buyout Vodafone, which would finally give Verizon full control of Verizon Wireless.

In an official statement on the deal, Verizon CEO Lowell McAdam said:
This transaction will enhance value across platforms and allow Verizon to operate more efficiently, so we can continue to focus on producing more seamless and integrated products and solutions for our customers. We believe full ownership will provide increased opportunities in the enterprise and consumer wireline markets.

Vodafone first invested in Verizon Wireless back in 1999, when it bought a 45% stake in the company for $70 billion. Verizon is expecting that this deal to buyout Vodafone will be completed as soon as Q1 2014, depending on any regulatory investigations. 

source: Verizon

27 Comments
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posted on 02 Sep 2013, 13:38

1. GrapeEyes (Posts: 243; Member since: 01 Sep 2013)


Sell your house and use all your savings to buy Nokia shares.

Within 1 year, Nokia shares will rise from $3.90 a share to $452 a share!!

Nokia have 34 different style of phones coming out within the next year.

The Nokia 1520 etc.... are going to be the most amazing phones on the market.

Don't say I never warned you.

posted on 02 Sep 2013, 13:44

3. Atlas (Posts: 157; Member since: 15 Apr 2012)


How do you know?

posted on 02 Sep 2013, 13:50 7

5. ghaniosman (Posts: 64; Member since: 06 Jun 2013)


only ppl with grapeEyes can see that ;-)

posted on 02 Sep 2013, 13:59 8

6. Shatter (Posts: 1970; Member since: 29 May 2013)


As long as Nokia uses windows phone that will never happen. Most people are not that retarded to actually buy a phone running WP8.

posted on 02 Sep 2013, 14:16

7. GrapeEyes (Posts: 243; Member since: 01 Sep 2013)


Nokia already have plans to do premium Android phones with developers Adaia!!

These phones will cost over $1000 and will have the most advanced technologies in the market.

I cannot stress this enough, buy Nokia shares now!!!

posted on 02 Sep 2013, 15:19 2

14. TheLolGuy (Posts: 483; Member since: 05 Mar 2013)


Ladies and Gentlemen, here is a desperate man who has heavily invested in Nokia only to have it's value tank soon after.

Have a heart and bail him out with your hard earned money, won't you?

Not.

posted on 02 Sep 2013, 17:48

20. Commentator (Posts: 2295; Member since: 16 Aug 2011)


Why would anyone buy a phone that costs over $1000 when most mid-range phones already have more features than people use?

posted on 02 Sep 2013, 18:40 1

24. TROLL (banned) (Posts: 4851; Member since: 13 Apr 2012)


Buying shares on a sinking strugling , needs supporting platform and brand! Yea more like buying shares on Android and iOS is safer!
®

posted on 02 Sep 2013, 18:38 1

23. TROLL (banned) (Posts: 4851; Member since: 13 Apr 2012)


Well said Shatter®
It's not old skool Nokia anymore which they had:

E series
N series
X series
8 series
5 series
6 series
7 series
9 series
Nokia is no longer Nokia! That Elop has killed and destroyed the mighty good old Nokia and now relying on that good for nothing WP platform!

®

posted on 02 Sep 2013, 14:44 2

11. PAPINYC (Posts: 2187; Member since: 30 Jul 2011)


iNsider Trading is iLLegal.

posted on 02 Sep 2013, 15:40

15. ilani (Posts: 49; Member since: 23 Dec 2011)


It really looks like grape-eyes is trying to scam everyone here with a pump and dump! (look it up)

posted on 03 Sep 2013, 12:41

25. GrapeEyes (Posts: 243; Member since: 01 Sep 2013)


Are you for real, whoever invested would have had a 40% increase in 24hrs of investment.

You should be thanking me.

Just add www

economictimes.indiatimes.com/markets/global-market​s/nokia-share-price-soars-40-per-cent-on-microsoft​-sale-news/articleshow/22251983.cms

posted on 03 Sep 2013, 16:22

27. Atlas (Posts: 157; Member since: 15 Apr 2012)


Nokia have been bought by Microsoft, I'm guessing that's why their shares might go a little higher.

posted on 02 Sep 2013, 18:15

21. ajac09 (Posts: 1344; Member since: 30 Sep 2009)


then you woke up

posted on 02 Sep 2013, 13:44

2. InspectorGadget80 (Posts: 6141; Member since: 26 Mar 2011)


Next thing we know Verizon will make more surcharge after buying Vodafone. but isn't Vodafone a U.K. company?

posted on 02 Sep 2013, 13:45

4. Atlas (Posts: 157; Member since: 15 Apr 2012)


Maybe the branches here will change to Verizon Wireless

posted on 02 Sep 2013, 14:16

8. AppleIsGod (Posts: 49; Member since: 27 Aug 2012)


Vodafone almost the 2x the amount, it invested.

posted on 02 Sep 2013, 14:27

9. laheelahee (Posts: 213; Member since: 09 Apr 2012)


all i care about is whether Verizon will raise their prices >:(

posted on 02 Sep 2013, 14:39 2

10. Sparhawk (Posts: 75; Member since: 10 Mar 2012)


It's more like "when" and "how much"

posted on 02 Sep 2013, 14:46 1

12. PAPINYC (Posts: 2187; Member since: 30 Jul 2011)


If you think about it, they may be forced to lower them or run specials like T-Mobile; at least we know they're not desperate.

posted on 02 Sep 2013, 16:05 1

17. rightcue805 (Posts: 55; Member since: 08 Jul 2013)


they don't need to compete with T-mobile at all. I really don't think t-mobile is on the same level as verizon

posted on 02 Sep 2013, 18:21 3

22. PAPINYC (Posts: 2187; Member since: 30 Jul 2011)


OMG, I must've still been on that recreational stuff from the holiday, don't know what I was thinking: forgive me Big Red, you are definitely not on the same level as T-Mobile(less), please don't take away my Unlimited Data!!?

posted on 02 Sep 2013, 15:44 1

16. ilani (Posts: 49; Member since: 23 Dec 2011)


no need to raise prices! we here in Canada are ALL waiting to give our money to Verizon! we are just waiting for them to come up here already!

posted on 02 Sep 2013, 14:48 2

13. PAPINYC (Posts: 2187; Member since: 30 Jul 2011)


Damn, if it weren't for the FCC, FTC & Anti-Trust Laws Verizon could also own AT&T as well as T-Mo!

[To Sprint: no one wants you, sorry]

posted on 02 Sep 2013, 16:07

18. rightcue805 (Posts: 55; Member since: 08 Jul 2013)


AT&T should have bought out sprint.

posted on 02 Sep 2013, 16:14 1

19. thequota (Posts: 27; Member since: 02 Apr 2013)


That's called a monopoly

posted on 03 Sep 2013, 15:28

26. rightcue805 (Posts: 55; Member since: 08 Jul 2013)


ya I know

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