Verizon's big win

Courtney Carlisle
BlackBerry Addict from Los Angeles, CA
Published: March 31, 2008

It's been a big week already for Verizon Wireless at CTIA in Las Vegas. The owner and operator of the world's largest and most reliable network just announced that the Blackberry Curve (8330) will be available on the carrier in May; along with Samsung, they debuted the Alias and they are even going to offer award winning videos from Condenet. All of these recent announcements on top of news weeks ago on the open access specs and winning a nearly $9.5 billion auction for 700 megahertz radio frequency to build out their next gen network, 2008 is off to a good start...

Today, however, it looks like shareholders may be in for a surprise as Verizon announced plans to sell $8 billion of stock and debt notes to help finance the purchase. In addition to a $500 million payment to be made at the beginning of the FCC auction, the company will need to make a $1.4 billion down payment by April 3rd. The balance is due less than three weeks later according to CNN Money. Read more here.

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