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Negotiators fix purchase of Vodafone stake in JV by Verizon-media

September 02, 2013, 0:12 UTC+3
Both telecomm giants refrainf from official comments so far
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LONDON, September 2 (Itar-Tass) - The American Verizon Communication Corporation and the British Vodafone on Sunday fixed a $130 billion deal. In accordance with the deal, a report on the website of the Wall Street Journal says, the British communicatins operator Vodafone will sell a 45-percent stake in the Verizon Wireless joint venture they established 13 years ago.

Both telecomm giants refrainf from official comments so far.

Information that the Vodafone intends to sell a stake in the JV to the Verizon Communication first appeared in April this year. Media reports have it that the British communications operator is interested in quitting the North American market. Resultant of resources thus obtained, the British company intends to finance expansion of operations in Europe.

The Verizon Wireless is the second-largest mobile communications operator in the United States. The company's net income last year amounted to $2.25 billion.

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