Vodafone deal 'will boost economy'

AOL Money Staff

Vodafone is on the verge of selling its stake in America's biggest mobile phone company in a 130 billion US dollar (£84 billion) deal that is so big it is expected to provide a significant lift to the UK economy.

The company has confirmed it is in "advanced discussions" to dispose of its 45% interest in Verizon Wireless in what would be one of the biggest transactions in corporate history.