Verizon Communications Verizon Communications Files Form 8-K (6907A)
21 Februar 2014 - 6:24PM
UK Regulatory
TIDMVZC
RNS Number : 6907A
Verizon Communications
21 February 2014
Verizon Communications Inc.
Notice of filing with the U.S. Securities and Exchange
Commission (SEC)
On February 21, 2014, Verizon Communications Inc. (Verizon)
filed a Form 8-K with the SEC disclosing that Verizon completed its
acquisition of Vodafone Group Plc's ("Vodafone") indirect 45%
interest in Cellco Partnership d/b/a Verizon Wireless (the
"Partnership"), in accordance with the stock purchase agreement
(the "Stock Purchase Agreement"), dated September 2, 2013, as
amended on December 5, 2013, by and among Verizon, Vodafone and
Vodafone 4 Limited (such amendment, the "First Amendment").
In consideration for Vodafone's indirect 45% interest in the
Partnership, Verizon (i) paid approximately $58.9 billion in cash
(the "Cash Consideration"), (ii) issued 1,274,764,121 shares of
Verizon's common stock, par value $0.10 per share, (iii) issued
senior unsecured Verizon notes in an aggregate principal amount of
$5.0 billion, (iv) sold Verizon's indirect 23.1% interest in
Vodafone Omnitel N.V., valued at $3.5 billion and (v) provided
other consideration of approximately $2.5 billion.
In connection with the completion of the acquisition, Verizon
and Vodafone have terminated, as of February 21, 2014, the U.S.
Wireless Alliance Agreement between Vodafone and Verizon, dated as
of September 21, 1999 (as amended, the "Alliance Agreement"), and
the Investment Agreement between Vodafone, Verizon and the
Partnership, dated April 3, 2000 (as amended, the "Investment
Agreement").
The report may be viewed in more detail on the SEC website at
www.sec.gov and on the Verizon website at
www.verizon.com/investor.
A copy of the above document has been submitted to the National
Storage Mechanism and will shortly be available for inspection at
http://www.Hemscott.com/nsm.do.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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