Vodafone and Verizon have reached a basic agreement on the 130-billion deal
The British company Vodafone and US-based Verizon Communications on Sunday agreed on a deal at $ 130 billion, in which Verizon Communications Vodafone will sell 45% of its shares in their joint venture Verizon Wireless, according to The Wall Street Journal citing informed sources.
According to the source, if all goes well and the board of both companies have approved the terms, then the deal can be officially announced by Monday evening. Source publication confirmed that the negotiations the parties agreed value 45% Verizon Wireless 130 billion. Earlier media reports do not rule out that the package can be sold for $ 100 billion. According to unofficial information, it is at this cost expected to Verizon, while Vodafone estimates that its share of the $ 130 billion, according to Forbes .
For information on the conclusion of an agreement in principle confirms the source Financial Times . He said the talks were "constructive" and on Monday morning, representatives of both companies will meet to finalize the terms of the deal, and then release official statements.
Bloomberg notes that this transaction would be the second largest after the acquisition of German company Mannesmann AG of the same Vodafone in 2000 - then the value of the transaction amounted to 172 billion dollars. Share buying Vodafone, Verizon Communications will become the sole owner of Verizon Wireless - the largest and most profitable phone company in the U.S. subscriber base of 100 million users. Details - for example, where the parties intend to close the deal, not yet reported.
Verizon tried to buy a stake in Vodafone Verizon Wireless several years ago. This past Thursday, August 29, The Wall Street Journal, citing informed sources said that the parties to resume negotiations. On the same day, Vodafone officially confirmed this information.
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