BellSouth looking for Some Cash

BellSouth is talking to Telefonica about some of its Latin American mobile assets. Atlanta-based local phone company is looking for about $5.5B-$6.0B.  Some extra dinero for the AT&T Wireless buyout? Earlier SBC decide to get rid of some lines to raise some cash. Clearly Vodafone/Verizon combo made them overpay for AT&T Wirelessand now they got to scramble to raise cash! My Take: Bankers are not that thrilled with the AT&T buyout and raising money from public markets is proving to be tougher? A

You're subscribed! If you like, you can update your settings

Comments have been disabled for this post