05.13.2013Financial

Verizon Wireless Announces $ 7.0 Billion Distribution To Verizon And Vodafone In June

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Robin Nicol
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BASKING RIDGE, N.J. - 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.