Verizon Communications have voted to approve the $130 billion buyback of Verizon Wireless, a deal that sparked rumors about a possible Vodafone acquisition.
Reports say a “substantial majority” of Verizon shareholders cleared the 45 percent share in the company’s wireless unit buyback from the UK’s Vodafone. Verizon CEO said the deal “will provide Verizon with greater financial flexibility to invest in new technologies,” noting that the company will make a push to further its wireless operations.
The merger remains subject to approval by the High Court of England and Wales, say reports, though has already been cleared by the US’s Federal Communications Commission.
The companies expect to finalize the deal next month.
Full Content: Wall Street Journal
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Uruguayan Antitrust Scrutiny Puts Major Meatpacking Deal Between Marfrig and Minerva on Hold
May 19, 2024 by
CPI
Alaska Airlines Seeks Dismissal of Consumer Lawsuit Over $1.9 Billion Hawaiian Airlines Buy
May 19, 2024 by
CPI
Idaho Attorney General Orders Split of Kootenai Health and Syringa Hospital
May 19, 2024 by
CPI
Court Rejects T-Mobile’s Appeal Bid in Antitrust Case Over Sprint Merger
May 19, 2024 by
CPI
Google Requests Judge, Not Jury, to Decide on Antitrust Case
May 19, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Ecosystems
May 9, 2024 by
CPI
Mapping Antitrust onto Digital Ecosystems
May 9, 2024 by
CPI
Ecosystems and Competition Law: A Law and Political Economy Approach
May 9, 2024 by
CPI
Ecosystem Theories of Harm: What is Beyond the Buzzword?
May 9, 2024 by
CPI
Open Ecosystems: Benefits, Challenges, and Implications for Antitrust
May 9, 2024 by
CPI