Verizon buys Vodafone's share of US Wireless businessVerizon Communications on Monday consented to buy Vodafone’s 45% stake of its US wireless business for $130 billion.  The buyout, which brings to a close an awkward 14-year corporate arrangement, was the third biggest corporate deal in history. The agreement, which consisted of both cash and stock, positions Verizon to spend more on faster mobile networks, enabling it to fight off other players in an increasingly competitive market. Over the years Vodafone and Verizon have had numerous disputes over wireless dividends and eventual ownership of the full entity.

Related article: http://www.reuters.com/article/2013/09/02/us-vodafone-verizon-idUSBRE97S08C20130902?feedType=nl&feedName=usdai

By CWAN Global Press

The Canadian Wealth Advisors Network (CWAN) was established in March of 2009 as an online forum where investment professionals share ideas and best practices that allow them to meet the growing needs of their clients. As the CWAN community grew and evolved, it was expanded to serve both advisors and investors. Garnet O. Powell, MBA, CFA is the Editor-in-Chief of the Canadian Wealth Advisors Network (CWAN) magazine. He is an investment management professional with more than 20 years of experience. linkedin.com/in/garnetpowell

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