5G Technology World

  • 5G Technology and Engineering
  • Apps
  • Devices
  • IoT
  • RF
  • Radar
  • EE Learning Center
  • 5G Videos
  • Handbooks
    • 2022
    • 2021
  • Design Guides
    • WiFi & the IOT Design Guide
    • Microcontrollers Design Guide
    • State of the Art Inductors Design Guide

Moody’s Changes AT & T Outlook to Negative

By The Associated Press | May 12, 2009

NEW YORK (AP) — Moody’s Investors Service said Monday it has changed its outlook for the debt ratings of AT&T to negative from stable after the company said it is buying former Alltel assets from Verizon Wireless.

AT&T said Friday it will buy the assets of Verizon Wireless in 79 mainly rural areas for $2.35 billion. Verizon Wireless was forced to sell the service areas, which are spread over 18 states, to satisfy regulatory conditions of its purchase of Alltel.

Moody’s said the outlook change reflects its “concern that given the increase in debt over the last two years (including debt likely to be incurred for pending acquisitions), weak economic conditions and the likelihood of slower growth and increased competition in the wireless business.”

At the same time, Moody’s also affirmed AT&T’s “A2” senior unsecured and Prime 1 short-term ratings.

Verizon Wireless is a joint venture of Verizon Communications and Britain’s Vodafone Group PLC.

More FirstNews 05/12/09:
•  Analyst: Prepaid Will Continue to Grow
•  Report: Nortel Holding Out for Better Bids
•  Number Porting on FCC’s Agenda
•  Wrong Number: Robo-Calls Dial Up Senators
•  Moody’s Changes AT&T Outlook to Negative
•  AT&T Move into South Dakota Brings iPhone With It
•  Sprint Offering Unified Communications
•  AirTran Airways Joins Wi-Fi Crowd 
•  FirstNews Briefs for May 12, 2009

 

Related Articles Read More >

5G vectors
How RedCap fits into 5G and IoT
Benetel RAN650
OpenRAN mid-band radio brings cellular to private and campus networks
Don’t push on that icon and other 3G sunset issues
LTE Cat 1 modules target worldwide IoT connectivity

Special Issue: 5G Handbook

Need 5G Technology World news in a minute?

We Deliver!
5G Technology World Enewsletters get you caught up on all the mission critical news you need. Sign up today.
Enews Signup

EE World Online Twitter

Tweets by @RandDWorld

EE TRAINING CENTER CLASSROOMS

EE Classrooms
5G Technology World
  • Enews Signup
  • Contact Us
  • EE World Online
  • DesignFast
  • EDABoard Forums
  • Electro-Tech-Online Forums
  • Microcontroller Tips
  • Analogic Tips
  • Connector Tips
  • Engineer’s Garage
  • Power Electronic Tips
  • Sensor Tips
  • Test and Measurement Tips
  • Wire & Cable Tips

Copyright © 2022 WTWH Media LLC. All Rights Reserved. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of WTWH Media
Privacy Policy | Advertising | About Us

Search 5G Technology World

  • 5G Technology and Engineering
  • Apps
  • Devices
  • IoT
  • RF
  • Radar
  • EE Learning Center
  • 5G Videos
  • Handbooks
    • 2022
    • 2021
  • Design Guides
    • WiFi & the IOT Design Guide
    • Microcontrollers Design Guide
    • State of the Art Inductors Design Guide