On Friday, a Fitch Ratings analyst released a note questioning Verizon’s ability to fund the $28.1 billion deal. The impetus for that fear, of course, was the worsening credit market.
And at this point, with Wall Street maintaining its predictable unpredictability, it’s anyone’s guess whether the merger – which would allow Verizon to leapfrog AT&T Inc. (T) as the country’s largest service provider – really will happen.
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May 22 2018 @ 16:40:08 UTC