The UK is hopelessly in love with its mobiles and Ofcom is about to free up some of the problems with increasing contract costs.
Vodafone investors will receive a £54 billion windfall in cash and shares after the firm sold its share in Verizon Wireless for £84 billion.
It has been a very long time coming, but two of the biggest telecoms firms in the world have finally agreed the terms of a deal.
Vodafone chief executive Vittorio Colao told ITV News' Laura Kuenssberg he might get a new bike with the money he receives from the firm's £84 billion deal with Verizon.
Mr Colao was speaking after the third biggest deal in corporate history was announced:
Chief executive Vittorio Colao told me that Vodafone will be just as strong a company without Verizon.
Mr Colao said Vodafone's tax arrangements are based on the standard rules and there is no UK tax due on the deal.
He insisted Vodafone was paying "the right amount of standard taxes" but that "everyone is entitled to their opinion" if they are frustrated by that.
Vodafone Group chief executive Vittorio Colao said its £84 billion deal with Verizon will allow both companies to "execute on their long-term strategic objectives" and wished the mobile phone giant "continuing success".
Mr Colao continued, "Our two companies have had a long and successful partnership and have grown Verizon Wireless into a market leader with great momentum."
Vodafone's £84 billion sale of its 45% stake in Verizon represents the third biggest deal in corporate history.
Under the agreement, which will leave Verizon with 100% of the largest mobile operator in the US, Vodafone will receive $58.9 billion in cash (£37.8 billion), $60.2 billion (£38.6 billion) in Verizon stock and an additional $11 billion (£7.1 billion) from smaller transactions.
Verizon chairman Lowell McAdam said the US firm's £84 billion deal with Vodafone to acquire a 45% stake in Verizon Wireless "will enhance value across platforms" and allow it to "operate more efficiently".
Mr McAdam said, "We believe full ownership will provide increased opportunities in the enterprise and consumer wireline markets.”
Verizon said it will pay Vodafone $58.9 billion (£37.8 billion) in cash as part of the $130 billion (£84 billion) cash and stock deal.
Verizon has confirmed its mega $103 billion (£84 billion) deal with Vodafone.