Wednesday, 5 February 2014

Vodafone investors back 84 billion payout from Verizon sale

Vodafone shareholders secured one of the biggest pay-outs in corporate history on Tuesday, as they approved the $130 billion sale of the British companys stake in its U.S. joint venture Verizon Wireless.The sale of the 45 percent interest to majority owner Verizon Communications, agreed in September, will see 71 percent of the net proceeds - or $84 billion including all of the stock - returned to

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