Verizon is laying claim to its name. The US phone company is spending $130 billion to buy the 45 percent of Verizon Wireless it didn't already own from Vodafone, its longtime British partner.
It's a high price—$59 billion in cash, the rest in stock, and almost as much as Verizon itself is worth. That in itself suggests that the future of telecom is in wireless, since the market doesn't seem to attribute much value to Verizon's traditional wired phone business.
To read the full, original article click on this link: Why Verizon Just Spent $130 Billion On … Verizon – ReadWrite
