Verizon Wireless to Pay $10B Distribution to Verizon (VZ), Vodafone (VOD) in Jan. 2012

July 28, 2011 5:23 PM EDT
Verizon Wireless today announced that its Board of Representatives has declared a distribution to its owners, payable on Jan. 31, 2012, in proportion to their partnership interests on that date, in the aggregate amount of $10 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.


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