Mobile Operator Buys Partner out for Giant-Amount

Mobile carrier Verizon bought Vodafone out of their joint subsidiary Verizon Wireless for a record-breaking giant-amount.

The U.S. mobile carrier Verizon Communications has bought the British partner Vodafone out of their joint subsidiary Verizon Wireless. It writes our site.

Verizon pays a giant amount to Vodafone at 734 billion dollars, to buy their 45 percent of the joint subsidiary. This is about 18 times more than Microsoft paying for Nokia’s mobile division.

Verizon Wireless is the largest mobile operator in the United States.

Verizon Communications justify buying with that company with full ownership can improve opportunities for better services to customers. Amount paid with both shares and cash.

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