Why Verizon Wanted It All
IT didn?t come as a complete surprise when Verizon Communications agreed earlier this month to pay $130 billion for the 45 percent of the Verizon Wireless unit that it didn?t already own. What?s startling, though, is the parent company?s dependence on its wireless unit?s operating profit. Without Verizon Wireless, the value of the old Verizon ? the giant telephone company that provides dial-tone service as well as Internet and fiber optic TV to millions of customers ? is vanishingly small.
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