Verizon Wireless Announces $ 7.0 Billion Distribution to Verizon and Vodafone in June
BASKING RIDGE, N.J., May 13, 2013 /PRNewswire/ -- Verizon Wireless today announced that its Board of Representatives has declared a distribution to its owners, payable on June 25, 2013, in proportion to their partnership interests on that date, in the aggregate amount of $7.0 billion.
Verizon Wireless is a joint venture between Verizon Communications Inc., which owns 55 percent of the partnership, and Vodafone Group Plc, which owns 45 percent of the partnership.
About Verizon Wireless
Verizon Wireless operates the nation's largest 4G LTE network and largest, most reliable 3G network. The company serves 98.9 million retail customers, including 93.2 million retail postpaid customers. Headquartered in Basking Ridge, N.J., with more than 73,000 employees nationwide, Verizon Wireless is a joint venture of Verizon Communications (NYSE, NASDAQ: VZ) and Vodafone (LSE, NASDAQ: VOD). For more information, visit www.verizonwireless.com. For the latest news and updates about Verizon Wireless, visit our News Center at http://news.verizonwireless.com or follow us on Twitter at http://twitter.com/VZWNews.
SOURCE Verizon Wireless