Verizon's Full VzW Acquisition Clears Another Hurdle

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Verizon is one step closer to taking over Vodafone’s 45 percent stake in Verizon Wireless.

The FCC today gave its OK to the $130 billion purchase. The transaction remains subject to customary closing conditions, including the approval of both companies’ shareholders. It’s expected to close in the first quarter of 2014, giving Verizon full control over the wireless entity that already shares its name.

“Over the past 13 years Verizon Wireless has focused on meeting consumer needs through innovation and network reliability to become the premier mobile provider in the U.S.,” said Randal Milch, executive vice president public policy and general counsel of Verizon. “Full ownership of Verizon Wireless strengthens our ability to provide an outstanding consumer experience with advanced mobile devices, first-in-our-class network quality and reliability, and new products and services that leverage and integrate our global communications technologies.”

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