Vodafone has sold its 45% stake in Verizon Wireless to US telecoms group Verizon Communications in one of the biggest deals in corporate history. The 130bn dollars deal was announced by Vodafone after the close of trading on the London Stock Exchange.
Vodafone Group Plc agreed to acquire Cable & Wireless Worldwide Plc for 1.04 billion pounds (1.7 billion dollars) in cash, adding a UK fixed-line network to its mobile-phone system and gaining business customers.
UK’s Vodafone was ordered to send mobile-phone text messages by the Egyptian government, urging people to confront “traitors and criminals” as demonstrators demanded the ouster of President Hosni Mubarak.