* Vodafone portion $4.5 bln, Verizon portion $5.5 bln
* Vodafone had hoped for a $5.5 bln payout
NEW YORK, July 28 Verizon Wireless plans to pay
a $10 billion dividend early next year to its parents, Vodafone
Group Plc (VOD.L) and Verizon Communications (VZ.N).
Vodafone will receive $4.5 billion, or $1 billion less than
the amount the British company's chief financial officer, Andy
Halford, had said he expected as recently as June 30.
Verizon Wireless, the largest U.S. wireless service, said
it would make the payout based on the stake held by each parent
company. Vodafone owns 45 percent of Verizon Wireless, and
Verizon Communications owns the rest.
Vodafone has not received a payout from Verizon Wireless
since 2005, in large part because Verizon has focused on paying
Verizon, which controls the wireless unit, had recently
signaled that it would be ready to pay a dividend in 2012.
There has also long been speculation that Verizon would try
to buy out Vodafone's stake in the venture, although no deal
has come to pass.
(Editing by Steve Orlofsky)