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Verizon, AT&T Bonds Weaken on SpaceX’s Wireless-Service Plans
Source: Bloomberg
Credit & Bond MarketsAntitrust & CompetitionTechnology & Innovation
Verizon and AT&T bonds weakened Friday after SpaceX announced it would buy U.S. spectrum, a move the company said would help it become a “major mobile carrier” in the U.S. The article reports a negative reaction in the two telecom companies’ bonds but gives no magnitude.
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