Verizon Communications is on track to close its...

January 30, 2014 |Wireless

Verizon Communications is on track to close its purchase of Vodafone’s stake in Verizon Wireless by Feb. 21, Verizon Communications said Tuesday after its shareholders approved the telco’s plan to issue up to 1.28 billion new shares of Verizon stock to help pay for the buyout. Verizon said it’s still waiting for the High Court of England and Wales to approve the buyout, but has received FCC clearance.