Verizon Wireless Announces $10 Billion Distribution to Verizon and Vodafone in January 2012

Verizon Wireless today announced that its Board of Representatives has declared a distribution to its owners, payable on Jan. 31, 2012, in proportion to their partnership interests on that date, in the aggregate amount of $10 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.