Vodafone Group Plc and Verizon Communications Inc., co-owners of Verizon Wireless, will get an $8.5 billion dividend from the venture by the end of 2012, the second straight year the unpredictable windfall will be paid.
Verizon Wireless, the largest U.S. wireless carrier, approved a $10 billion distribution to owners Verizon Communications Inc. and Vodafone Group Plc, the first payout of that kind in more than five years.
Verizon Communications Inc.’s conflict with unions representing about 45,000 employees escalated in its third day with workers staging protests and the company saying it will offer $50,000 rewards to stop vandalism.
Verizon Wireless, seeking to gain approval to buy airwaves from cable companies, will sell other spectrum licenses potentially worth billions of dollars if it can complete the purchase under scrutiny from regulators.
Verizon Communications Inc. said 45,000 striking workers will begin returning to the job tonight while talks continue, a truce that may help the carrier avoid losses a prolonged walkout would have caused.
Verizon Wireless plans to introduce its long-awaited iPhone at an event in New York on Jan. 11, according to a person familiar with the plans, helping Apple Inc. compete for smartphone users against Google Inc.