Deals
Vodafone Sees Annual Verizon Dividend of Up to $5.5 Billion
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Vodafone Group Plc, the world’s largest mobile-phone company, said it could potentially get an annual dividend of as much as $5.5 billion from its 45 percent stake in U.S. venture Verizon Wireless.
The calculation is based on an assumed Verizon Wireless annual free cash flow of $10 billion to $12 billion, Vodafone Chief Financial Officer Andy Halford told reporters in New Delhi yesterday. No agreement has been reached yet, he said. Bob Varettoni, a Verizon spokesman, declined to comment.