Verizon and Vodafone agree on $130 billion deal

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. 


About the author

David Brancaccio is the host of Marketplace Morning Report. Follow David on Twitter @DavidBrancaccio


I agree to American Public Media's Terms and Conditions.
With Generous Support From...