Verizon Sells Venezuela Stake
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Venezuelaâs government agreed to buy the stake held by Verizon Communications in CompaÃ±Ã­a AnÃ³nima Nacional TelÃ©fonos de Venezuela for $572 million.
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Verizon Wireless, the No. 2 U.S.  mobile service, said on Wednesday it will let customers use  their cell phones to send each other money using a service from  privately held Obopay Inc.
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Vodafone Group shares fell on Tuesday as a Wall Street Journal report that its US partner Verizon was weighing a $40 billion-plus bid for Sprint revived fears it would be drawn into its second bid battle of the year.
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Regulators  cleared the way for Verizon Communications to sell its phone lines in three New England states for $2.7 billion to FairPoint Communications Inc.
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Federal communications regulators cleared the way for Verizon Communications to sell its phone lines in three New England states for $2.7 billion to FairPoint Communications.
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President Hugo Chavez's government moved to nationalize Venezuela's largest private electric company on Thursday, signing an agreement to buy a controlling stake in Electricidad de Caracas from its U.S.-based owner, AES Corp.
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Vodafone buys a controlling stake in Indian mobile phone firm Hutchison Essar for $11bn (Â£5.6bn).
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Verizon (VZ:NYSE - news - research) reportedly is weighing a bid for Sprint (FON:NYSE - news - research) after Vodafone (VOD:NYSE - news - research), with which it jointly owns Verizon Wireless, signed off on the move.
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Eon, the Germany utility group, off-loaded its last major non-core asset on Wednesday with the sale of its majority stake in Austrian mobile operator ONE  to a consortium led by France Telecom.
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Verizon's acquisition ends the independence of MCI, the nation's second-largest long-distance company.
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Wireless telephone company Nextel Communications confirmed Wednesday it is being bought by rival Sprint in a cash and stock deal said to be worth more than $35-billion US.
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Motorola's popular Q smartphone that debuted last May on Verizon's CDMA network has finally received a GSM counterpart, which will enable the device to be sold by U.S. carriers AT&T and T-Mobile, as well as in Europe.
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T-Mobile won the bid at the last minute from Europe's largest mobile operator, Vodafone.
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Greece's third largest mobile phone company is being sold for 3.4bn euros.
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Verizon Wireless is buying cellular capacity for 23 markets from bankrupt NextWave Telecom Inc. for &#36;3 billion, ending the government's long tug-of-war over the never-used licenses and bolstering Verizon against a big new rival created by the merger of Cingular Wireless and AT&amp;T Wireless.
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Verizon Communications Inc. VZ.N  on Monday said it would buy long-distance telephone company MCI  Communications Inc. MCIP.O in a deal worth $6.75 billion,  giving Verizon entry into the market serving large  corporations.
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British mobile phone giant Vodafone has agreed to buy an 11-billion-dollar controlling stake in India's Hutchison Essar in an attempt to move into the world's fastest-growing mobile phone market.