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With no major purchases on its horizon, Verizon (VZ +1.2%) plans to pay off $20B in debt over...

With no major purchases on its horizon, Verizon (VZ +1.2%) plans to pay off $20B in debt over the next two years. The company took on $22B to take over Alltel in January. CFO John Killian: "We have more debt pay-down ahead of us, not debt raising."
Comments (3)
  • Elias
    , contributor
    Comments (40) | Send Message
     
    Interesting. What about their LTE (4G wireless) network they are supposed to be launching over the next couple years. Paying down debt during a major upgrade, something does not add up.
    20 Aug 2009, 03:37 PM Reply Like
  • Teutonic Knight
    , contributor
    Comments (2000) | Send Message
     
    Elias - - -

     

    Maybe they saw more than we could see now and then - i.e., they are hunkering down for the next couple of years.

     

    TK
    20 Aug 2009, 03:51 PM Reply Like
  • Anthony Alfidi
    , contributor
    Comments (598) | Send Message
     
    Smart move! They may have just ensured their survival. If only the rest of corporate America possessed such strategic wisdom.
    21 Aug 2009, 12:03 PM Reply Like
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