By ReutersInformationWeek
Verizon said the equity value of the deal would be about
$5.9 billion.
Verizon Wireless, 55 percent owned by Verizon
Communications and 45 percent owned by Vodafone
Group, said the deal would generate savings of $1
billion in the second year after closing.
It said it expects total savings with a net present value
of more than $9 billion.
The deal comes about seven months after Alltel was bought
by TPG Capital and Goldman Sachs Group's GS
Capital Partners for $27.5 billion.
(Reporting by Sinead Carew, editing by Gerald E. McCormick)
Copyright 2008 Reuters. Click for Restrictions
As per UBM LLC's agreement with Reuters, this story will be removed from this site after 30 days.
See original article on InformationWeek
This content was originally posted on http://mootblogger.com/ © 2008 If you are not reading this text from the above site, you are reading a splog
0 comments:
Post a Comment