Vodafone has owned a 45% stake in Verizon Wireless all this time, and Verizon has long been contemplating buying it. Though Vodafone owns that stake, it isn’t a majority stake so Verizon still has control over itself. However, that’s just not good enough.
Finally, after much discussion, the boards of the two companies unanimously voted on the sale of Vodafone’s stake to Verizon Wireless for a massive $130 billion. Verizon will be the sole owner of itself, which will be great for management. However, it is unknown how this will affect customers, if at all. Will the buyout cause a price hike, or will it simply be a background deal that will never show any obvious effects? We hope it’s the latter.
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