Verizon 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