Support our non-partisan non-profit newsroom 💜 Donate now

Verizon and Vodafone agree on $130 billion deal

David Brancaccio Sep 2, 2013
HTML EMBED:
COPY

Verizon and Vodafone agree on $130 billion deal

David Brancaccio Sep 2, 2013
HTML EMBED:
COPY

Telecommunications giant Verizon is about to buy back a large piece of itself from Europe’s Vodafone.  Investment bankers who are brokering the deal will be especially pleased with their cut of the price tag: $130 billion. Gyanee Dewnarain, from the consulting company Gartner,  says this move comes at a beneficial time for Verizon.

“They are in the best possible position to spend that money,” she says. “And from a strategic persepective they do see themselves now independent and able to really drive their own strategy.”

Click on the audio player above to hear more. 

 

There’s a lot happening in the world.  Through it all, Marketplace is here for you. 

You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible. 

Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.