By Ilaina Jonas
Sept 2 (Reuters) - Verizon Communications Inc said onMonday it has agreed to buy out Vodafone Group Plc's 45percent stake in Verizon Wireless for $130 billion, capping itsdecade-long effort to win full control of the most profitablemobile service provider in the United States.
Under the terms of the deal, Vodafone would get $58.9billion in cash, $60.2 billion in Verizon stock, and anadditional $11 billion from smaller transactions that would takethe total deal value to $130 billion, Verizon said in astatement.
The boards of Verizon and Vodafone have unanimously approvedthe sale, which is subject to customary closing conditions, andwas expected to close in the first quarter of 2014.
Verizon said it expects the transaction to be immediatelyaccretive to earnings per share by about 10 percent, without anyone-time adjustments.
The deal marks the third-largest announced acquisition incorporate history and British telecom giant Vodafone's exit fromthe large but mature U.S. mobile market.
Verizon also said its board declared a quarterly dividend of53 cents per share, an increase of 1.5 cents, or 2.9 percent,from the previous quarter. On an annual basis, the hike raisesVerizon's dividend 6 cents, from $2.06 to $2.12 per share.