Vodafone investors due €63bn windfall

Investors in Vodafone will receive a £54 billion cash and shares windfall after the telecoms giant sold its share in Verizon Wireless for £84 billion.

Investors in Vodafone will receive a €63.5bn cash and shares windfall after the telecoms giant sold its share in Verizon Wireless for $US 84bn.

The group confirmed one of the biggest corporate deals in history by agreeing to sell its 45% stake in the US operator to its joint venture partner Verizon.