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

|About: Verizon Communications (VZ)|By:, SA News Editor

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."