Vodafone sells $130bn Verizon stake

Source BBC News@ tienganhvui.com

2 September 2013 Last updated at 12:08 ET

Vodafone has sold its 45% stake in Verizon Wireless to US telecoms group Verizon Communications in one of the biggest deals in corporate history.

The $103bn ($84bn) deal was announced by Vodafone after the close of trading on the London Stock Exchange.

Its shares rose 3.4% during the day.

The deal ends a long-running saga, with both Vodafone and Verizon trying to take full control of Verizon Wireless over the years, but having been unable to agree a price.

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