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For Verizon Advisers, Huge Payoff After Waiting A Decade

wochit business
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September 02, 2013 AT 10:30 AM
It has been a 10-year-long wait for bankers advising Verizon Communications Inc on its $130 billion deal to take complete control of Verizon Wireless, but their patience will yield both handsome fees and bragging rights. Bankers were among the advisers that Verizon used back in 2004, when it first came close to buying out Vodafone Group's 45 percent stake in the No. 1 U.S. mobile carrier.