Verizon Poised To Gain Full Control Of Wireless Business

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.

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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.

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