Vodafone will pump Verizon dividend into Europe

05/21/2013 | Wall Street Journal, The · Bloomberg Businessweek

Vodafone will spend the $3.2 billion dividend from Verizon Communications on its struggling European operations rather than distribute the cash to investors, the carrier said today. Vodafone recently reported a quarterly decline in service sales of 4.2%, its third consecutive drop, in a business wracked by increased competition amid troubled economies.

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Wall Street Journal, The · Bloomberg Businessweek

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