3 Telecom Stocks Seeing Action: Verizon’s Bond Offering, AT&T’s Security Measures, Sprint’s New LG Offering
Verizon Communications (NYSE:VZ): Reuters reports that demand for Verizon’s bond offering has been high, as the company has nearly topped $30 billion. Price guidance is expected later Tuesday but is reportedly “likely to be in line with initial guidance.” Verizon is looking to raise around $50 billion overall for its $130 billion buyout of Vodafone’s 45 percent stake in Verizon Wireless, and it is selling eight tranches of bonds consisting of three-year and five-year floating-rate tranches, as well as three-year, five-year, seven-year, 10-year, 20-year, and 30-year fixed-rate tranches.
AT&T (NYSE:T): At its annual cyber security conference in New York, AT&T announced a new set of security measures designed to combat an increasing number of attacks and other incidents concerning mobile devices. The new set of measures includes scanning phones to detect malicious threats and then establishing a VPN tunnel between a device and a network.
Sprint (NYSE:S): Sprint announced that preorders for the LG G2 phone will be taken beginning on October 11. Sprint is also including a free case for anyone who preorders the phone, and it should be available in time for the holiday season.