For bankers giving guidance and advice to Verizon Communications Inc, it had been a ten year long wait to be able to formalize the USD130 billion deal to take full control of Verizon Wireless. Their patience in this process though would provide for them not only high fees but also bragging rights against other bankers.

These investment bankers include Andrew Decker, James Ferency, Paul Taubman and Alan Schwartz, who had previously advised Verizon in a previous bid to buyout Vodafone back in 2004. The Vodafone shareholdings amounted to 45% of the top US mobile carrier who were privy to the transaction.

Since that time, these bankers moved to other positions in other banks but with this new bid, Verizon still sought the same group, together with their previous and current firms, to formulate the latest deal. The final deal was announced last Monday after negotiations were conducted over the Labor Day weekend.

This deal was said to be the third largest buyout of all time. The estimated M&A advisory and financing fees of about USD500 million. It also put independent financial services firm Guggenheim to the top 10 ranking for mergers and acquisitions advisors from its previous 42nd place overall.