2 September 2013 Last updated at 12:08 ET
Vodafone has sold its 45% stake in Verizon Wireless to US telecoms group Verizon Communications in one of the biggest deals in corporate history.
The $103bn ($84bn) deal was announced by Vodafone after the close of trading on the London Stock Exchange.
Its shares rose 3.4% during the day.
The deal ends a long-running saga, with both Vodafone and Verizon trying to take full control of Verizon Wireless over the years, but having been unable to agree a price.
Source: BBC News - Business http://www.bbc.co.uk/news/business-23933955#sa-ns_mchannel=rss&ns_source=PublicRSS20-sa
