3 Telecom Stocks Seeing Action: Verizon’s Big Bond Sale, Hacker Hits Vodafone, T-Mobile’s iPhone Prices
Verizon Communications (NYSE:VZ): Verizon apparently received orders for $100 billion of new bonds from more than 1,000 investors as it sold $49 billion worth of debt to make for the largest corporate bond offering in U.S. history. Moreover, everyone turned out winners in the deal: Verizon received a huge block of the money it needs, and at relatively low rates, to pay for the $130 billion acquisition of Vodafone’s (NASDAQ:VOD) 45 percent stake in Verizon Wireless; the banks involved made $265 million in fees — about $41 million apiece. Investors, meanwhile, walked away with a higher-yielding debt from a strong U.S. company.
Vodafone (NASDAQ:VOD): A hacker has stolen the personal information of 2 million or so Vodafone Germany customers in what is the latest cyberattack on a major corporation. Although the perpetrator made off with names, addresses, dates of birth, gender, sort codes, and account numbers, they were unable to access credit card information, passwords, PIN numbers, mobile phone numbers, or data connections. The incident has been isolated to the one country.
T-Mobile US (NYSE:TMUS): T-Mobile has revealed its pay-as-you-go prices for the new iPhones: the cheaper, plastic 5C will go for $528 ($22 per month for 24 months), while the 5S will require a $99 downpayment plus $22.91 per month for an ultimate total of $648.84. The prices are significantly less than the tags put on the phones internationally; the iPhone will cost $50 more in Canada and $200 more in China.
Investing Insights: Is Verizon Stock a Buy After Its Recent Record Move?