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. agreed to buy Vodafone Group Plc’s 45 percent stake in Verizon Wireless for $130 billion, getting full control of the most profitable U.S. mobile-phone carrier in the biggest acquisition in more than a decade.
Tantalizing reports that Americans might soon be getting free nationwide wireless Internet access, courtesy of the Federal Communications Commission, have turned out to be exaggerated. But wouldn’t we all welcome mobile connectivity at a reasonable price? The FCC should take steps to make that possible through competition in the wireless marketplace.
Vodafone Group Plc is poised to exit the best investment it ever made, pocketing as much as $130 billion from the 45 percent it owns in U.S. mobile company Verizon Wireless and focusing its attention on Europe.