Entries tagged "Verizon Communications Inc."
Paulson's proposal to purchase an equity stake in Yellow Pages publisher Idearc is the second time in recent months an investor group has used its prepetition debt position to execute a bargain price 'exit LBO.'
Consolidation continues among telecoms serving low-density, slow-growing markets. Despite some blowups, dealmaking rolls on.
Verizon Communications signed two large deals last month when it agreed to sell $2.35 billion of wireless assets to peer AT&T and it agreed to sell local wireline operations in 14 states to Frontier Communications.
