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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."

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About the author

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