Verizon gets OK for $130 billion Vodafone deal
Verizon says its shareholders have approved its $130 billion deal to buy the 45 percent stake in its wireless division owned by British cellphone carrier Vodafone.
New York-based Verizon Communications Inc. says buying Vodafone's stake will give it greater flexibility to invest in new technologies. Once the deal closes, it will no longer have to share its wireless revenue with Vodafone.
The deal, which is expected to around Feb. 21, needs court approval in the United Kingdom among other customary closing conditions.
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