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FCC Approves Verizon’s Buyback of Verizon Wireless From Vodafone, Brings Verizon Ownership to 100%

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Verizon announced this morning that the company has received initial approval from the FCC to begin the buyback process of 45% of Verizon Wireless from U.K.’s Vodafone. Upon the deal’s completion, which is slated for the first quarter of 2014, Verizon will own 100% of Verizon Wireless. With that being said, Verizon states that this will allow the company to “strengthen our ability to provide an outstanding consumer experience with advanced mobile devices, first-in-our-class network quality and reliability, and new products and services that leverage and integrate our global communications technologies.” 

In true Verizon fashion, Randal Milch, executive vice president – public policy and general counsel of Verizon, had nothing but great things to say on the FCC’s decision.

We thank the FCC for its quick action in approving our transaction with Vodafone, which will provide Verizon with 100 percent ownership of Verizon Wireless and a boost to one of the most important sectors of the U.S. economy. This application approval also marks the first use of the streamlined foreign-ownership review procedures that the FCC adopted earlier this year, and we are grateful to the commission for its commitment to process reforms that benefit wireless carriers and the customers we serve.

As far as what this means for consumers, it’s probably nothing right off of the bat. You probably won’t see this deal affecting your wireless bill anytime too soon, but what it will do is help Verizon’s bottom line moving forward.

Via: Verizon Investor Relations
  • http://twitter.com/JohnnyACE562 GRAND MASTER SEN$Ei {{-_-}}™

    Evil gets even more evil. {{-_-}}

  • Ubi2447

    Blaw blaw Blaw. Just give me fast updates and figure this shiz out so I can get my Nexus devices.

  • billy

    11 days until my VZW contract expires and freedom.

  • Lonepalm

    Just dumped Verizon..never been happier to dish out over $200 just to get rid of them. Got the Nexus 5, jumped to T-Mo, am getting MUCH faster LTE speeds, consistent LTE coverage, and everything just seems so much better. Kiss my ass Verizon!

  • Chris

    now lets see if any of you kids know who Cellco Partnership is…

  • Andy Stetson

    I think i missed it, who is buying who? I swear I saw Verizon in there somewhere… :/

  • Blue Sun

    “We thank the FCC for its quick action…” Too bad we can’t ever say that about Verizon’s approval process.

  • Justen DeBowles

    Great, Now the biggest and best network can control its own destiny.

    Oh wait.. this is droid life… everyone here thinks verizon and samsung are evil… -___-

    • Adrynalyne

      Prove it otherwise and maybe we can talk.

      • Justen DeBowles

        is it the prices or the lack of a nexus? I don’t know of any reason that ANDROID users can truly hate the companies that have singlehandedly carried android on their backs…

        • Adrynalyne

          Prices (including jacking them up), removing features, defying FCC rules on allowing LTE devices on their network, suing for net neutraility, do I really need to go on?

          • Justen DeBowles

            most reliable service, so prices may be higher sure. Restricting devices to manage such a large consumer base. Let the nexus 7 thing go… please. Net neutrality? really?

            Seriously, Verizon’s positives (historically and presently) for android FAR outweigh each of those things or they would be losing marketshare in droves if they were that bad. I have a tmobile and a verizon line… and the verizon service is phenomenal compared to Tmo (in atlanta GA…lol). I’m not a fanboy for any company or provider, but for verizon to be considered the DEVIL by ANDROID users is strange, considering it was first verizon and motorola (droid campaign) that propelled android to where it is. Then Samsung (with all carriers, but Verizon is the largest still) continued to propel android to incredible marketshare considering android is just over 5 yrs old. Folks may not agree with their practices… but to make them the DEVIL when they’ve done so much for android… seems a little much to me.

            I think folks just like to complain. who knows.

          • Adrynalyne

            Net neutrality, yeah really.

            I’m glad you have good Verizon service, and I do too, but that doesn’t make them any less evil.

            Let the Nexus thing go…really? Why, because it damages your argument of them not being evil?

            How about that fat fine for breaking FCC guidelines and blocking apps and tethering? I guess it was a simple mistake, right?

        • Adrynalyne

          Oh and carriers are required for any cellphone, so they certainly didn’t singelehandedly carry android on their backs, unless they did the iPhone too.

          • Justen DeBowles

            lol, yes they did. They are not NOW, but in 2009/2010… yes they did.

          • Adrynalyne

            Um, no more than they did the iPhone.

            Required services are not a reason to herald a carrier as the next messiah.

          • Justen DeBowles

            AT&T did it for the iphone… Verizon did it for the DROID line (which at the time was android as a whole except for a few devices like the HTC Hero). No one is saying their the messiah, but verizon did proper android to where it is now. Don’t just be blind to history because you don’t like verizon.

          • Adrynalyne

            Next thing you will say is, TVs are where they are now because of subscription services.

            Your argument is borderline ridiculous.

    • Chris

      this may be good news. time will only tell. At least its AMERICANS making decisions,.

      • Adrynalyne

        They only had 45% share. They weren’t making the decisions.

  • Chris

    Thank god. Can’t stand when foreign companies own AMERICAN companies.

  • MustWarnOthers

    The Nexus line of devices and the new Motorola Mobility are going to kick Verizon in the balls repeatedly as consumers realize that they aren’t beholden to Verizon to provide some euphemistic bullsh1t experience. While AT&T is no better as a corporation, at least the GSM technology is allowing more and more consumers to realize that they don’t have to be reamed with no lube in order to use a smartphone.

    The competition between prepaid carriers that are leased T-Mobile or AT&T spectrum is already starting to pickup even more. Customers have more options and a greater range of prices they can choose to pay. When Verizon starts losing more customers to these types of plans (which they will), they will eventually have to find new ways to stay competitive. Since all they are is a giant dumb pipe for Data and Voice, the only option they’ll have is to charge less or lose customers.

    Outstanding consumer experience my ass. Outstanding over marketed, over hyped, bloated, locked down mobile devices on a proprietary overpriced network is more like it.

    • Michael Pahl

      While I agree with virtually everything you said… I get a 20% corporate discount through Big Red, and get consistent 40mbps down / 20 up in my area. and I am still grandfathered into unlimited data. No matter how sweet the Nexus 5 is, I just can’t give that up.

      • Col_Angus

        This is exactly why I got the Moto X today, and not a Nexus 5.

        • TheDrunkenClam

          I love my moto x but hate that I can’t tether like I could on my gnex. How difficult is this root process?

          • Col_Angus

            No idea, I’l probably root for the sole purpose of tethering and AdAway though. I heard the process can be a bit convoluted.

    • Adrynalyne

      “The Nexus line of devices and the new Motorola Mobility are going to kick Verizon in the balls repeatedly”

      As much as I want that to be true…its damn unlikely to happen.

    • Big_EZ

      You won’t see Verizon lose many customers until other carriers have decent coverage.

  • Ryan

    Long story short. YOU WILL NEVER ACTIVATE A NEXUS ON OUR NETWORK MWAHAHAHAHAHAHAHA

    • Adrynalyne

      You just need a non-dbag manager to do it. My friend does it all the time for people.

  • Stnkycheezman

    Next move is to buy back shares of their souls from the devil so they can stop being so evil

    • Adrynalyne

      How do they buy back their souls from themselves?

  • sonicyoof

    With that being said, Verizon states that this will allow the company to “strengthen our ability to crush our customers into a fine cash-based dust, with a fear-based loyalty that is unsurpassed in the wireless industry.”

    • trixnkix637

      That’s actually fairly accurate.

    • HarvesterX

      “…and to hear the lamentations of their women”

  • Havoc70

    Awesome now Vodafone cant limit VZ BS pricing policies. Looks to future to see how much the fully self owned VZ will be screwing consumers

    • Dominick White

      Vodafone really didn’t have much to do with the day to day operations of Verizon wireless. They pretty much did nothing and collect a big pay day

  • Al

    Maybe it will speed up Verizon’s approval process for firmware updates……. Or not.

    • Mike Hilal

      Approval = figuring out how to lock down the device. They havent figured out how to lock the 2013 N7 LTE, so it cannot be approved.

    • Michael Bell

      I think its pretty clear its all the bloatware from the manufacturers and getting the new OS to work with the manufacturers skins that slow down the update process. Just look at how fast the Moto X on Verizon got updated to KitKat…

      • Adrynalyne

        Its part of it. However Verizon’s testing is also extreme vs other carriers.

  • Buur

    Oh good. At least all the suck will be completely self contained.

    • Valerie Rub

      Continue your Habit All the task always completed.

  • David Narada Brown

    so will this make Verizon better or worse from a customer standpoint?

    • Adrynalyne

      I don’t see how it would make a single iota of difference from a customer standpoint.

      • David Narada Brown

        i didnt know if vodafone was making some of the decisions that constantly pulled $ out of our pockets without giving us the apps we desire. I was just asking.

        • Adrynalyne

          Sorry, I didn’t mean to imply that you were wrong. I was just saying that I don’t think it will make a difference. I guess I worded it poorly.

          Apologies.

    • http://geekspertise.net/ Elise Hines

      Customer service MAY get better, but your bill will never go down.

      • Adrynalyne

        Customer service isn’t bad now, they just never have the answers we want to hear.

        • http://geekspertise.net/ Elise Hines

          Six of one. :)

    • EC8CH

      come on now… take a guess

  • Mike Hilal

    I wonder if that’s why my “verizon galaxy note 3″ became a “vodafone Galaxy note 3″ in the play store

  • ITGuy11

    how is that Nexus 7 certification coming along?

    • Adrynalyne

      4.4 has problems. They will try to re-certify again once 4.4.1 comes out.

      • Mike Hilal

        Problems because they are not in control of the updates. Also, they cannot lock out tethering. It shall remain in limbo until they can get those “issues” resolved. They need to let their death grip go, it serves to only drive customers away.

        • Adrynalyne

          Unfortunately, something like this doesn’t even register as a blip on Verizon’s radar for dissatisfaction ratings. We need something major enough that it feels like they got their nuts kicked into their throat.

          • Mike Hilal

            There were a fair many who left for TMO and ATT to have nexus devices. Not enough for them to care though. We need the likes of Samsung and Motorola to tell verizon to stuff it until they let mfg’s do their thing and deal with the updates/tech support/etc. The only thing I’ve ever called verizon for was to change things on my account. I’m well aware as to how to pull my battery and reboot my phone (all their “tech support” knows how to do).

          • Franz

            “Pull the battery out” – “Did you try turning it on and off again” – Verizon has techs?…

          • Mike Hilal

            Their words, not mine!

          • zurginator

            I don’t even think Motorola would affect their bottom line enough to care. They’re going to have to lose MILLIONS of customers before they take notice.

          • Mike Hilal

            If they refused to make their stupid “droid” line and held them hostage by it, it would.

          • zurginator

            It’s likely Motorola signed a 5+ year contract with Verizon for “Droid” devices – As such, Verizon would hold 100% of the bargaining power right now.

  • Wyatt Neal

    If anything, maybe it will get them to consider moving off of CDM…. AHAHAHAHAH, I almost was able to finish it without laughing.

    • j

      :) I think verizon will hold onto CDMA as long as they can.. gives them control. they like it.

      however, VoLTE IS coming and they can’t stop it for fear of losing their competitive edge (I think they will offer it first). So, there’s that.

      • laheelahee

        as long as they hold on the CDMA, i tell myself i could hold on to unlimited data..

      • Adrynalyne

        I bet CDMA is around for another 5-10 years, easily.

        • Fattie McDoogles

          That all depends on the VoLTE adoption rate. If the rate is high enough they will shut down their CDMA towers faster. But I think 10 years is probably a good estimate

          • Adrynalyne

            Even if there is a good adoption rate, there are no feature phones ready for the transition. That in itself is going to take a while.

          • Fattie McDoogles

            Right. That’s why I said 10 years is a good estimate.

          • duke69111

            If they start shutting down CDMA anytime soon, I’m in trouble in my area. LTE availability has improved two fold, but I am on 3g twice as much as LTE on my travels around Kansas.

          • Fattie McDoogles

            It will be a blanket shut off, like when then shut off their analog network. They have to wait until there’s only a handful of people on CDMA before they can shut it off.

          • duke69111

            Yea. I would assume that every existing 3g tower will become 4G at some point and then it won’t be big deal except for those still using flip phones.

      • michael arazan

        They already said that when VoLTE comes along the phones will still have cdma to “fall back on.”

        So glad Verizon has all this money from making $30 billion a quarter and not paying taxes for 3 years. Must be nice to cheat the country you are in.

    • cns2007
    • Chris

      GSM is stupid. We need to get new tech so you wont need a silly sim card. its all bulit in the phone. Set it and forget it!

      • Adrynalyne

        GS3 doesn’t require sims….that is a carrier choice.

  • Adrynalyne

    With all the crap Verizon pulls, esp. against the FCC, I am surprised that the FCC doesn’t tie up everything they do with massive amounts of red tape.

    • Mike Hilal

      I wish the FCC would put the ban hammer down on verizon and force them to open up the gates on their network. LTE only devices should come with a caveat, and let those with them deal with the consequences until VoLTE is fully fleshed out.

  • Sqube

    News, but not the kind of news that’s going to change anything for users any time soon.