Verizon announced completion of its 5G radio specification - the first U.S. carrier to do so. The specification is the product of collaboration within Verizon's 5G Technology Forum, a group that is working to define parameters for 5G specifications in advance of future standards. With 5G, end users will enjoy wireless service that delivers several gigabits per second throughputs and single-millisecond latencies.
Verizon Communications Inc. announced that it has entered into a definitive agreement with Vodafone Group Plc to acquire Vodafone’s U.S. group with the principal asset of 45 percent of Verizon Wireless for $130 billion, consisting primarily of cash and stock. Verizon expects the transaction at close to be immediately accretive to the company’s EPS (earnings per share) by approximately 10 percent, without any one-time adjustments.