Verizon Communications has reached an agreement to buy Vodafone Group's 45 percent stake in its Verizon Wireless subsidiary for $130 billion.
Verizon and Vodafone are close to a deal that will see the U.S.-based carrier buy out the U.K. company's stake in Verizon Wireless for US$130 billion, according to press reports.
U.S. mobile users aren't likely to see a difference if Verizon buys Vodafone's share of its mobile business.
Vodafone confirmed the talks Thursday in response to media reports that the companies were discussing a possible deal worth more than $100 billion.
IBM, Verizon and eight other companies will compete for US$10 billion worth of work to help move the U.S. Department of the Interior's IT systems to the cloud.
Motorola's popular Droid family of phones has three new additions, highlighted by the Droid Maxx -- a 4G LTE phone powered by a battery promising 48 hours of use. On Tuesday, Verizon showed off two other Droids, the Ultra and Mini, which go on sale with the Maxx on August 20.
Verizon is the latest carrier to jump on the no-contract craze. Let's see how its offering stacks up against already-announced plans.
Verizon Communications has reported a revenue increase of 4.3 percent for the second quarter of 2013, compared to a year ago, with mobile and Fios broadband customers additions driving the growth.