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Vodafone values Verizon Wireless stake at USD 130 bln

2013-09-02 08:37:00| Telecompaper Headlines

(Telecompaper) Vodafone has confirmed the price tag for its 45 percent stake in Verizon Wireless, at USD 130 billion. Responding to press speculation that a deal to sell the stake to Verizon Communications is imminent, the company said in a statement that the payment would be a mixture of Verizon shares and cash. People familiar with the matter told the Wall Street Journal that a deal could be announced as early as 02 September. Vodafone would pay about USD 5 billion in tax on the sale, while also receive Verizon's stake in Vodafone Italia, which is valued at about USD 5 billion as part of the payment, the Financial Times reported. The remaining USD 120 billion would be split equally between cash and equity in Verizon, according to the paper's sources.

Tags: values wireless usd vodafone

Category:Telecommunications

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