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Verizon may borrow against customer payments

2016-03-09 09:36:25| Wireless - Topix.net

Verizon Communications Inc. may borrow against the payments its customers owe for financing phones, an increasingly common practice in the wireless industry. While other companies such as Sprint have used the technique to obtain private loans, Verizon would be one of the first wireless carriers to issue bonds that use expected monthly phone payments from its customers as collateral.

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Category:Telecommunications

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