Aug 31 Verizon Communications is near a
$130 billion deal to buy out the 45 percent stake in Verizon
Wireless it does not already own from Vodafone Group Plc
and plans to raise about $65 billion to fund the purchase,
people familiar with the matter said on Saturday.
Boards of Verizon and Vodafone are each expected to meet
this weekend to approve the proposed transaction, which could be
announced on Monday, the people said.
Verizon has tapped JPMorgan Chase & Co, Morgan
Stanley, Barclays, and Bank of America Merrill
Lynch to help raise the deal financing through a mix of
bonds and bank loans, the sources said. The four banks are also
advising Verizon, along with former Morgan Stanley banker Paul
Taubman and Guggenheim Partners, the sources said.
Goldman Sachs and UBS are advising Vodafone, the sources
Verizon Communications and Vodafone declined to comment. The
banks were not immediately available for comment.