After years of courting and proposals with unhappy endings, Verizon (NYSE:VZ) is finally taking charge of Verizon Wireless.

The company will pay $130 billion to wireless partner Vodafone (NASDAQ:VOD), buying out the British company's 45% stake in America's largest wireless network. Some 30% of Verizon will end up in the hands of Vodafone investors, and Verizon will take on nearly $60 billion in new debt as well.

That's a heavy toll, but it does come with a terrific payback. In the video below, Fool contributor Anders Bylund explains why Verizon investors should appreciate owning all of Verizon Wireless in the long run. Spoiler alert: Verizon stands to nearly double its operating cash flows.

Fool contributor Anders Bylund holds no position in any company mentioned. Check out Anders' bio and holdings or follow him on Twitter and Google+. Motley Fool newsletter services have recommended buying shares of Vodafone. The Motley Fool has a disclosure policy.

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