Sept 3 (Reuters) - Verizon Communications Inc andVodafone Group Plc agreed to a $1.55 billionbreakup fee if their $130 billion deal falls apart.
The company terminating the deal will have to pay the otherparty the fee within five days by wire transfer, Verizon said ina regulatory filing.
Verizon on Monday agreed to buy out Vodafone's 45 percentstake in Verizon Wireless for $130 billion. The boards ofVerizon and Vodafone have unanimously approved the sale,expected to close in the first quarter of 2014.
Verizon shares were down 3.3 percent in premarket trading onTuesday, while Vodafone's US-listed shares were down 1.3percent.