FCC approves Verizon purchase of Vodafone stake in Verizon Wireless

Verizon expects the deal to buy a 45 percent stake in Verizon Wireless to close early next year

The U.S. Federal Communications Commission has given its blessing to Verizon Communication's proposed US$130 billion purchase of the stake that Vodafone Group has in Verizon Wireless.

The FCC Wednesday approved a Verizon petition to allow the company to be more than 25 percent owned by foreign investors, with the Vodafone deal distributing Verizon shares to stockholders in the U.K. company. The FCC also approved the transfer of control of Vodafone's share to Verizon.

Verizon now controls 55 percent of Verizon Wireless and the deal would transfer the remaining 45 percent controlled by Vodafone to the parent company. Verizon announced plans to purchase the Vodafone stake last September and the company expects the deal to close in the first quarter of 2014.

Verizon's application was first use of a streamlined foreign-ownership rules procedures that the FCC adopted earlier this year.

The actions by the FCC's International Bureau, Wireless Telecommunications Bureau, and Office of Engineering and Technology came just over one month after the public comment period closed on the Verizon petition.

Grant Gross covers technology and telecom policy in the U.S. government for The IDG News Service. Follow Grant on Twitter at GrantGross. Grant's email address is grant_gross@idg.com.

Join the Good Gear Guide newsletter!

Error: Please check your email address.
Rocket to Success - Your 10 Tips for Smarter ERP System Selection

Tags business issuestelecommunicationVerizon CommunicationVodafone GroupU.S. Federal Communications CommissionlegislationgovernmentMergers and acquisitions

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Grant Gross

IDG News Service
Show Comments

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Matthew Stivala

HP OfficeJet 250 Mobile Printer

The HP OfficeJet 250 Mobile Printer is a great device that fits perfectly into my fast paced and mobile lifestyle. My first impression of the printer itself was how incredibly compact and sleek the device was.

Armand Abogado

HP OfficeJet 250 Mobile Printer

Wireless printing from my iPhone was also a handy feature, the whole experience was quick and seamless with no setup requirements - accessed through the default iOS printing menu options.

Azadeh Williams

HP OfficeJet Pro 8730

A smarter way to print for busy small business owners, combining speedy printing with scanning and copying, making it easier to produce high quality documents and images at a touch of a button.

Andrew Grant

HP OfficeJet Pro 8730

I've had a multifunction printer in the office going on 10 years now. It was a neat bit of kit back in the day -- print, copy, scan, fax -- when printing over WiFi felt a bit like magic. It’s seen better days though and an upgrade’s well overdue. This HP OfficeJet Pro 8730 looks like it ticks all the same boxes: print, copy, scan, and fax. (Really? Does anyone fax anything any more? I guess it's good to know the facility’s there, just in case.) Printing over WiFi is more-or- less standard these days.

Ed Dawson

HP OfficeJet Pro 8730

As a freelance writer who is always on the go, I like my technology to be both efficient and effective so I can do my job well. The HP OfficeJet Pro 8730 Inkjet Printer ticks all the boxes in terms of form factor, performance and user interface.

Michael Hargreaves

Windows 10 for Business / Dell XPS 13

I’d happily recommend this touchscreen laptop and Windows 10 as a great way to get serious work done at a desk or on the road.

Featured Content

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?