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Verizon Completes total takeover of its mobile subsidiary, in the United States

Verizon completes the takeover of its total mobile subsidiary in the United States: the group acquired its stake to Vodafone for 130 billion dollars, and signing the second largest transaction of the history.

Verizon completes the takeover of its total mobile subsidiary in the United States: the group acquired its stake to Vodafone for 130 billion dollars, and signing the second largest transaction of the history

Verizon and Vodafone have finally agreed to seal their separation after fourteen years together: Verizon, the largest U.S. operator, will sell 130 billion dollars to buy Vodafone 45% stake in their joint venture Verizon Wireless U.S.. The information was confirmed by Verizon Communications on Monday.

Verizon completes the takeover of its total mobile subsidiary in the United States: the group acquired its stake to Vodafone for 130 billion dollars, and signing the second largest transaction of the history

58.9 billion dollars will be paid in cash, with a bridge loan concludes with various U.S. banks (JP Morgan Chase, Morgan Stanley, Bank of America and Barclays). Vodafone will also receive 60.2 billion dollars of shares Verizon, which will add 11 billion related to various transactions. Verizon Wireless, a subsidiary of mobile phone makes 100% of its business in the United States. Based on the latest figures it has about 116 million subscribers. 

This agreement was approved by the boards of directors of both companies. It is the third largest buyout ever made. The first concerned Vodafone already but this time as a buyer with the acquisition of Mannesmann in 1999 for an amount of 234.39 billion dollars. The second was in 2000 acquisition of Time Warner by AOL to 181.6 billion dollars.

If Verizon hoped this agreement for several years, it took patience for that market conditions are met. Indeed, "the share price has risen steadily in the last six months and borrowing rates are quite low,"
Verizon Completes total takeover of its mobile subsidiary, in the United States Verizon Completes total takeover of its mobile subsidiary, in the United States مراجعة من قبل Steven Raiss في 6:09 PM تصنيف: 5