Verizon has announced the deal to acquire its remaining stake in its wireless division from Vodafone. The deal has been approved and could be completed as soon as Q1FY14. The company has assured inves...
tors of the dividend sustainability in the future. Verizon expects to gain from continued rise in the sale of mobile devices, particularly tablets. Smartphone penetration has increased from 42% to 62% in the last five years. Last year the amounts of tablets shipped were higher than smartphones. This is a premise company expects to bank on. Verizon has put on hold potential acquisition of WIND Mobile which will have expanded its network. This deal may be rekindled in future.
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