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Verizon Wireless Announces $8.5 Billion in Distributions to Verizon and Vodafone by Year-End 2012

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^{Published in Science and Technology on Monday, November 12th 2012 at 13:16 GMT by Market Wire}  

Verizon Wireless Announces $8.5 Billion in Distributions to Verizon and Vodafone... -- BASKING RIDGE, N.J., Nov. 12, 2012 /PRNewswire/ --

BASKING RIDGE, N.J., Nov. 12, 2012 /PRNewswire/ -- Verizon Wireless today announced that its Board of Representatives has declared distributions aggregating $8.5 billion to its owners, which are payable on or prior to December 31, 2012. The distributions will be paid in one or more tranches, with each tranche paid in proportion to the owners' partnership interests on the payment date.

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.

About Verizon Wireless   
Verizon Wireless operates the nation's largest 4G LTE network and largest, most reliable 3G network. The company serves nearly 96 million retail customers, including 90.4 million retail postpaid customers. Headquartered in Basking Ridge, N.J., with more than 75,000 employees nationwide, Verizon Wireless is a joint venture of Verizon Communications (NYSE, NASDAQ: [ VZ ]) and Vodafone (LSE, NASDAQ: VOD). For more information, visit [ www.verizonwireless.com ]. To preview and request broadcast-quality video footage and high-resolution stills of Verizon Wireless operations, log on to the Verizon Wireless Multimedia Library at [ www.verizonwireless.com/multimedia ].  

SOURCE Verizon Wireless