Market Overview

Verizon Wireless Will Pay $8.5B to Verizon, Vodafone by Year End

Share:
Related VZ
4 U.S. Large Caps With Falling Stock Prices But Rising Revenue
American Tower Corp To Continue Global Focus
Outage in Southeast U.S. affecting several phone carriers (Seeking Alpha)

Verizon Wireless today announced that its Board of Representatives has declared distributions aggregating $8.5 billion to its owners, which are payable on or prior to December 31, 2012. The distributions will be paid in one or more tranches, with each tranche paid in proportion to the owners' partnership interests on the payment date.

Verizon Wireless is a joint venture between Verizon Communications Inc., which owns 55 percent of the partnership, and Vodafone Group Plc, which owns 45 percent of the partnership.

Posted-In: News Dividends

 

Related Articles (VZ)

Get Benzinga's Newsletters