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News Breaks
February 21, 2014
09:38 EDTVOD, VZVerizon completes acquisition of Vodafone interest in Verizon Wireless
Verizon Communications (VZ) announced that it has completed its acquisition of Vodafone Group's (VOD) 45% indirect interest in Verizon Wireless in a transaction valued at approximately $130B. As previously announced, the transaction is immediately accretive to Verizon's earnings per share by approximately 10%, excluding any non-operational adjustments, Verizon said. Verizon used proceeds from capital markets transactions occurring in September 2013 and February 2014, as well as $6.6B borrowed on Feb. 21 under its Term Loan Credit Agreement, dated Oct. 1, 2013, for the payment of the cash portion of the consideration to Vodafone and related fees and expenses. As previously announced,Verizon issued 1,274,764,121 common shares to shareholders of Vodafone as the stock portion of the consideration.
News For VZ;VOD From The Last 14 Days
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November 18, 2015
11:33 EDTVZSprint announces launch of LTE Plus network
In celebration of the launch of its new LTE Plus network, Sprint (S) is introducing the biggest wireless offer in U.S. history - 50% off the price of most Verizon (VZ), AT&T (T) and T-Mobile (TMUS) rate plans, the company says. New customers can sign up for this offer nationwide Nov. 20 through Jan. 7, 2016. LTE Plus, available today in 77 major markets, takes advantage of Sprint's rich triband spectrum portfolio, and it uses some of the world's most advanced technologies in wireless, such as carrier aggregation and antenna beamforming. Customers who switch get 50 percent off most current rate plan prices from their current carrier. AT&T, T-Mobile and Verizon customers switching to Sprint also can take advantage of iPhone Forever, where they are eligible to upgrade every time a new iPhone launches. Customers must port one line, and can add up to 9 additional lines on the account. Customers must choose from the 50 percent off rate plans available from their current carrier. Cricket and MetroPCS customers also can switch and save 50 percent off their parent company's postpaid rates. 50 percent off pricing remains valid until Jan. 8, 2018, for activations between Nov. 20, 2015, and Jan. 7, 2016.

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