Verizon, Vodafone Get $8.5 Billion Wireless Dividend
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Vodafone Group Plc and Verizon Communications Inc., co-owners of Verizon Wireless, will get an $8.5 billion dividend from the venture by the end of 2012, the second straight year the unpredictable windfall will be paid.
The distribution will be made in one or more tranches, in proportion to the owners’ interest in the company, Verizon Wireless said in a statement. Verizon Communications owns 55 percent of the business and Vodafone holds 45 percent.