ricep5
Premium
join:2000-08-07
Jacksonville, FL
 ·AT&T Southeast
 ·AT&T CallVantage
·VoicePulse
 ·Comcast Formerly ..
| Bonds backed by revenue
This would work and FiOS would have no impact on the deal at all.
Bonds (debt) sold to Verizon to purchase the VZW share from Vodaphone would be based on the idea of revenue from the increased ownership going to pay off the bonds.
Since that revenue would have typically gone to Vodaphone shareholders (or execs as bonuses) this would be a short term break even for Verizon and a long term bonanza. The operational cost structure of VZW would be unchanged under the deal since nothing would change operationally.
If anything, exec bonuses for VZW would probably go up due to improved bookkeeping of the complete entity over the separate one today. |
