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 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 Communications Inc. said 45,000 striking workers in the northeast U.S. will begin returning to the job tomorrow night, while the two sides keep negotiating what the company called “major issues.”
A disposal of Verizon Communications Inc.’s fixed-line operations would clear the way for the company to merge its wireless and enterprise units with partner Vodafone Group Plc, analysts at Goldman Sachs Group Inc. said.