Posted by : Unknown Sunday, September 1, 2013

A deal giving Verizon complete ownership of Verizon Wireless could be announced as early as Monday, according to multiple reports.



September 1, 2013 10:36 AM PDT



(Credit: Verizon Wireless)


Verizon's on-again-off-again talks to acquire Vodafone's share of Verizon Wireless may finally result in a deal.


The two companies are set to vote this weekend on a $130 billion deal that would give Verizon complete ownership of Verizon Wireless, according to reports from Reuters and Bloomberg. An agreement could be announced as early as Monday, said the reports.



Verizon has for years sought to buy out Vodafone's 45 percent stake Verizon Wireless, which is the No. 1 wireless provider in the United State and the fastest-growing and most profitable part of Verizon. Meanwhile, Vodafone has angled for a better return from the asset.


Verizon declined to comment. CNET has contacted Vodafone and we'll update the story when we get more information.



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