FCC OKs Verizon buyout of Vodafone's company stake
It's confirmed -- the Federal Communications Commission has given approval to Verizon's $130 billion buyout of Vodafone's stake in Verizon Wireless. This makes the deal the third largest corporate acquisition ever and will give Verizon full ownership of Verizon Wireless.
"We thank the FCC for its quick action in approving our transaction with Vodafone, which will provide Verizon with 100 percent ownership of Verizon Wireless and a boost to one of the most important sectors of the US economy," Randal Milch, Verizon's executive vice president of public policy, said in a statement Wednesday.
"Full ownership of Verizon Wireless strengthens our ability to provide an outstanding consumer experience with advanced mobile devices, first-in-our-class network quality and reliability, and new products and services that leverage and integrate our global communications technologies," he continued.
