WHAT'S CHANGING: Verizon is buying out the rest of its wireless business from Vodafone PLC for $130 billion. That means Verizon will get to keep all the profits.
WHAT'S NOT: Verizon says it's aiming to keep its high ratings for the quality of its network, and plans few if any changes to the way its wireless business is set up.
CAN YOU HEAR ME BID NOW? Verizon says it will continue to participate in auctions for the frequencies that carry cell phone traffic.