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Wednesday, Nov 7
2012, 6:20 PM
AT&T (T -3.3%) plans to tap debt markets to help finance its investment plans: its net...
AT&T (T -3.3%) plans to tap debt markets to help finance its investment plans: its net debt-to-EBITDA ratio is expected to rise to 1.8 from 1.42 over the next 2 years. With corporate debt yields remaining extremely low, it wouldn't be surprising if AT&T also used the proceeds to buy back stock, something it has been very fond of doing lately. Some think AT&T's buildout partly stems from its failure (unlike Verizon) to sell off rural assets. "They're doing it because they really have to do it," says analyst Jonathan Chaplin.