Why AT&T and Verizon Communications Are Selling Over $12.6 Billion Worth of Assets
These telcos have some big expenses coming up, and the debt market is just about tapped out for them.
You'll Never Guess Who is Buying Up Verizon Communications Inc's Scraps
Verizon is unloading some $15 billion of its wired and wireless assets. Spectrum licenses are expensive, and Big Red just can't afford to take on any more debt.