A PYMNTS Company

UK/US: Verizon bid may top $100B as third-largest acquisition ever

By  |  April 26, 2013

As Verizon Communications is rumored to be taking action to acquire the rest of Verizon Wireless not already owned from UK-based Vodafone, reports say the deal may likely spill over $100 billion and become the third-largest acquisition in antitrust history. Verizon Communications has reportedly already hired advisors to prepare the deal. The move is just one more addition to a fury of recently high-profile merger reports within the world’s telecommunication industry. According to antitrust experts and economists, the trend can likely be due to Apple and the rise of the smartphone as wireless carriers fight to handle the influx of data used by those phones and look to finance new expansion plans through mergers. Earlier last week the shareholders of MetroPCS approved of a proposed buyout of T-Mobile; the news quickly followed reports that Dish Network was looking to buy Sprint for $25.5 billion.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Full Content: The Week

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.