Verizon sees few changes to US wireless business

2013-09-03T15:44:00Z 2013-09-03T16:42:10Z Verizon sees few changes to US wireless businessThe Associated Press The Associated Press
September 03, 2013 3:44 pm  • 

Verizon's $130 billion deal with Vodafone is huge for both companies, although Verizon customers in the U.S. are unlikely to see any big changes to their bills or their service.

Verizon is buying the 45 percent of its wireless business owned by British cellphone carrier Vodafone. That will let Verizon keep all of the profits from that business, and gives Vodafone a large pile of cash that will fund its expansion ambitions in Europe. It's the second-biggest buyout on record.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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