Deals
Verizon Said to Plan Up to $50 Billion of Bonds for Mobile Unit
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Verizon Communications Inc. will probably issue $40 billion to $50 billion of bonds to help finance its purchase of Vodafone Group Plc’s 45 percent stake in Verizon Wireless, according to a person briefed on its plans.
A first offering may exceed Apple Inc.’s record $17 billion issue in April, said the person, who asked not to be identified, citing lack of authorization to speak publicly. Along with borrowing in dollars, Verizon also plans to sell notes in British pounds and euros, the person said.