* 
Big Red is cleaning up its balance sheet, an inescapable reality after it shelled out $130 billion to fully acquire the part of Verizon Wireless it did not own from Vodafone in a deal that closed a year ago this month.
While it gives Verizon all of the revenue from the wireless unit, the assets came at a cost, most of which presented itself as a significant amount of new debt.
Verizon has been dutifully paying that debt down as the carrier has remained healthily profitable, but is eager to take a few big bites out of it before the 600MHz spectrum auction next year. To that end, Verizon ... *
from PhoneArena http://ift.tt/16Wp2YR
via http://ift.tt/16Wp2YR
Big Red is cleaning up its balance sheet, an inescapable reality after it shelled out $130 billion to fully acquire the part of Verizon Wireless it did not own from Vodafone in a deal that closed a year ago this month.While it gives Verizon all of the revenue from the wireless unit, the assets came at a cost, most of which presented itself as a significant amount of new debt.
Verizon has been dutifully paying that debt down as the carrier has remained healthily profitable, but is eager to take a few big bites out of it before the 600MHz spectrum auction next year. To that end, Verizon ... *
from PhoneArena http://ift.tt/16Wp2YR
via http://ift.tt/16Wp2YR
Blogger Comment