3 Telecom Stocks Seeing Action: Sprint’s Bond Sale, AT&T Eyes Europe, Verizon’s Huge Debt Offer

Sprint Corp. (NYSE:S): The third-largest U.S. carrier has sold $2.25 billion worth of 7.25 percent notes due in 2021 and $4.25 billion worth of 7.875 percent notes due in 2023 in efforts to raise capital for “general corporate purposes, which may include, among other things, redemptions or service requirements of outstanding debt and network expansion and modernization.” The deal saw $10 billion in orders and “was so large that Sprint could not capture the lowest rates possible,” The Wall Street Journal says.

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