Verizon Snaps Up SureWest Assets
money
Verizon hasnt even figured out how they are going to pay for the auction they just won. Thats no easy scratch right there either.
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they'll pay for the auction by selling services that use those frequencies...it'll pay for itself pretty quickly. in the 700 Mghz band, you can blast broadband into a fallout bunker! business's espcially will line up to have access t that, as well as cosumers
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On top of that, their total revenue is really high. They'll have no problems getting loans.
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Plus didn't the 7 Billion that VZW paid for the spectrum have to be paid before April 23rd? I may be wrong but I think I remember this site posting that. If they hadn't been able to pay I am sure we would have heard about it long ago.
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Some people are just plain haters but the truth always comes out when you are the best.
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Is there any evidence Verizon didn't have a plan to pay for the auction? As mentioned its a profitable company with assets to make a loan probable. It's also owned by two strong parent companies. This purchase doesn't exactly diminish it's oeverall value either.
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they've already stated that they (Verizon) were going to sell off stock to pay for the new spectrum. Besides, after paying close to $10 BILLION, $69 million is a drop in the bucket. hell they could just ask Lowell for a loan from his personal bank account.
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Don't mistake the Wireless division for the landline division. The wireless division is highly profitable.
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