Verizon's Charter deal may break the bank
If Verizon does buy Charter Communications Inc, it would create the biggest US wireless and Internet provider. But can it afford the US$200 billion price tag?
New York
VERIZON Communications Inc is said to have given thought to buying Charter Communications Inc, a deal that would create the biggest US wireless and Internet provider.
But many in the finance world are focused on another superlative a Charter tie-up could lead to: the world's biggest corporate debtor. And that's causing some credit analysts to wonder how Verizon could finance such a massive deal, while also achieving its goal of reducing debt, let alone avoiding a blow to its credit metrics that could jeopardise its investment-grade rating.
TRENDING NOW
Prima to move out of historic Keppel Road flour mill building in 2028
Grab CEO’s wife Chloe Tong on life with Anthony Tan and finding her purpose
OCBC sheds S$8 billion in value as shares close nearly 6% down; analysts cautious on banks
As Asia’s food delivery giants rejig the pie, who will win the market?
