In September Vodafone announced it had finally confirmed the deal to sell its 45 per cent stake in Verizon Wireless to Verizon for a total consideration of US$130 billion. While much of the proceeds from the sale are set to be distributed to Vodafone shareholders, the sheer size of the transaction and its implications for Vodafone’s global strategic positioning have analysts and commentators speculating on the knock-on effects of the deal
Vodafone CEO Vittorio Colao says the pending US$130 billion US transaction will reward shareholders for their long-term support and will provide Vodafone with a strong balance sheet, and strategic flexibility to make further investments in the business (Image by: Dominic Lipinski/PA)
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