3 Telecom Stocks Seeing Action: Verizon Bonds Find Big Fans, T-Mobile’s Record Share, AT&T Adds LTE

Verizon Communications (NYSE:VZ): Pimco and Blackrock (NYSE:BLK) collectively picked up more than 25 percent of Verizon’s enormous $49 billion bond sale Wednesday, which allowed the carrier to bring in the money all at once, rather than in pieces, as it had originally planned. Pimco took in $8 billion in bonds and BlackRock walked away with $5 billion; Seeking Alpha notes the two companies were also influential in persuading Verizon to price the debt at an above-market rate.

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