NEW YORK: Verizon plans a record $49 billion bond sale as it gathers financing to buy Vodafone’s stake in their Verizon Wireless joint venture, a person familiar with the matter said Wednesday.
The bond offering, which had originally been scaled to $25 billion before being increased, was expected to be priced and sold to investors Wednesday, the person told AFP.
The potential bond sale comes as Verizon seeks to finance its $130 billion buyout of Vodafone’s 45 percent stake in Verizon Wireless, the largest US wireless provider. The partners announced the deal last week.
A Verizon spokesman declined comment.
If successful, the proposed bond sale would far surpass Apple’s $17 billion bond sale launched in April.
Dear TNT Reader,
At The News Tribe, our mission is to bring you free, independent, and unbiased news and content that keeps you informed and empowered. We are committed to upholding the highest standards of journalism, as we understand that we are a platform for truth.
Apart from independent global news coverage, we also commit our unique focus on the Muslim world. In an age marked by the troubling rise of Islamophobia and widespread misrepresentation of Muslims in Western media, we strive to provide accurate and fair coverage.
But to continue doing so, we need your support. Even a small donation of 1$ can make a big difference. Your contribution will help us maintain the quality of our news and counteract the negative narratives that are so prevalent.
Please consider donating today to ensure we can keep delivering the news that matters. Together, we can make a positive impact on the world, and work towards a more inclusive, informed global society.
Donate Monthly Subscription Annual Subscription