By Denny Jacob Verizon Communications Inc. said Monday it outlined the allocation of the roughly $1 billion in net proceeds from its third green bond. The wireless company said. | February 14, 2022
Verizon Tops Estimates Fueled by Phone Deals, Raises Outlook bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
“We expect to access the public debt market as soon as possible, assuming favorable conditions,” Chief Financial Officer Matt Ellis said on an webcast Wednesday with investors. Verizon raised $12 billion in a bond sale in November and has set up a $25 billion bank facility to help cover the largest splurge of airwaves ever.
The largest U.S. wireless carrier, Verizon is chasing rival T-Mobile US Inc., which holds as much as a year lead in the some of the key midband frequencies crucial to the new 5G wireless services that all of the carriers are developing. Verizon committed $45 billion last month in the record federal airwaves auction.
Verizon to tap debt market to pay US$36B tab on 5G airwaves
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Verizon Communications Inc. made an US$8.2 billion payment to the U.S. Treasury Wednesday and expects to go to the debt market to help finance the remaining US$36 billion due this month for airwaves that the phone giant needs to accelerate growth.
âWe expect to access the public debt market as soon as possible, assuming favorable conditions,â Chief Financial Officer Matt Ellis said on a webcast Wednesday with investors. Verizon raised US$12 billion in a bond sale in November and has set up a US$25 billion bank facility to help cover the largest splurge of airwaves ever.
Verizon to Tap Debt Market to Pay $36 Billion Tab on 5G Airwaves yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.