5G Technology World

  • 5G Technology and Engineering
  • FAQs
  • Apps
  • Devices
  • IoT
  • RF
  • Radar
  • Wireless Design
  • Learn
    • 5G Videos
    • Ebooks
    • EE Training Days
    • FAQs
    • Learning Center
    • Tech Toolboxes
    • Webinars/Digital Events
  • Handbooks
    • 2024
    • 2023
    • 2022
    • 2021
  • Resources
    • Design Guide Library
    • EE World Digital Issues
    • Engineering Diversity & Inclusion
    • Engineering Training Days
    • LEAP Awards
  • Advertise
  • Subscribe

Verizon Wireless to Pay Massive Dividend to Vodafone

By Staff Author | July 29, 2011

Verizon Wireless will make a long-awaited dividend payment to parent company Vodafone Group at the end of next year, the company said Thursday.

The payout – Verizon’s first dividend payment to Vodafone since 2005 – will help make amends between the operator and its U.K. co-parent company. Vodafone owns 45 percent of Verizon Wireless and Verizon Communications holds the remaining 55 percent stake.

Verizon Wireless will pay $5.5 billion to Verizon Communications and $4.5 billion to Vodafone Group on Jan. 31, 2012. Vodafone’s stock rose more than 4 percent on the news, while Verizon’s dipped about 1 percent.

The company did not say whether the dividend would be a one-time payment or whether it would occur on an annual basis.

Verizon did not issue any comment on the payout beyond its amount and date, but pending company CEO Lowell McAdam said during the company’s latest earnings call that he was “pleased with the evolution of our partnership with Vodafone. We are clearly moving from a purely financial partnership to an operating partnership.”

Verizon Wireless and Vodafone have improved their relationship in recent quarters, working together on joint services for the enterprise segment. Verizon’s top executives have been hinting for months about a possible dividend payment, but declined to say when it would make the payout as recently as its second-quarter earnings call last week.

Vodafone has increased ties with its American wireless subsidiary despite moves to divest some of its other international holdings.

The company has sold off its stakes in Japanese operator Softbank, China Mobile and French wireless operator SFR, prompting some to speculate it would also attempt to offload its shares in Verizon Wireless. However, yesterday’s announcement makes that unlikely, at least in the short term.


Filed Under: Carriers

 

Next Article

← Previous Article
Next Article →

Related Articles Read More >

eSIM
eSIM eases changing carriers for phones and IoT
QoE and QoS comparison
Benchmarking in 5G: More important than ever
iPhone 12
I bought a 5G phone, now what?
6G
Key takeaways from 6G Symposium

Featured Contributions

  • Overcome Open RAN test and certification challenges
  • Wireless engineers need AI to build networks
  • Why AI chips need PCIe 7.0 IP interconnects
  • circuit board timing How timing and synchronization improve 5G spectrum efficiency
  • Wi-Fi 7 and 5G for FWA need testing
More Featured Contributions

EE TECH TOOLBOX

“ee
Tech Toolbox: 5G Technology
This Tech Toolbox covers the basics of 5G technology plus a story about how engineers designed and built a prototype DSL router mostly from old cellphone parts. Download this first 5G/wired/wireless communications Tech Toolbox to learn more!

EE LEARNING CENTER

EE Learning Center
“5g
EXPAND YOUR KNOWLEDGE AND STAY CONNECTED
Get the latest info on technologies, tools and strategies for EE professionals.

Engineering Training Days

engineering
“bills
5G Technology World
  • Enews Signup
  • EE World Online
  • DesignFast
  • EDABoard Forums
  • Electro-Tech-Online Forums
  • Microcontroller Tips
  • Analogic Tips
  • Connector Tips
  • Engineer’s Garage
  • EV Engineering
  • Power Electronic Tips
  • Sensor Tips
  • Test and Measurement Tips
  • About Us
  • Contact Us
  • Advertise

Copyright © 2025 WTWH Media LLC. All Rights Reserved. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of WTWH Media
Privacy Policy

Search 5G Technology World