NEW YORK - Verizon (VZ) has completed an approximately $130 billion deal to take over all of Verizon Wireless.
New York-based Verizon Communications
Inc. has said that buying Vodafone's stake would give it greater flexibility to
invest in new technologies.
It acquired the 45 percent stake in
its wireless division from Vodafone Group PLC, issuing about 1.27 billion
shares of common stock to the British cellphone carrier's shareholders.
Both companies' shareholders approved
the transaction last month.
Verizon's stock fell 23 cents to $47.89 in Friday morning