Verizon and Vodafone are joint owners of the nation's No. 1 wireless provider Verizon Wireless. Over the weekend, the two companies were in talks to finalize the terms of a $130 billion deal. That's how much Vodafone is asking for its 45 percent stake in the company.
(SOUNDBITE OF THEME MUSIC)
STEVE INSKEEP, HOST:
NPR's business news starts with a Vodafone-Horizon deal.
Those two telecom firms are joint owners of the nation's number one wireless provider, Verizon Wireless. Now, Verizon has a chance to acquire full control, as it has wanted to do for years.
Over the weekend, the two companies finalized the terms of a $130 billion deal. That's how much Vodafone is asking for its 45 percent stake in the company. If their boards approve that deal today, it would be the third largest corporate acquisition of all time.
NPR transcripts are created on a rush deadline by Verb8tm, Inc., an NPR contractor, and produced using a proprietary transcription process developed with NPR. This text may not be in its final form and may be updated or revised in the future. Accuracy and availability may vary. The authoritative record of NPR’s programming is the audio record.