Verizon Completes $1.86B Debt Tender, Unveils New $45 Simplicity 5G Plan
VZ sits 19% above its 52-week low of $38.39.
Summary
Verizon completed a $1.8576 billion tender offer for 20 series of its debt notes, accepting all valid tenders. This follows the announcement of the tender offers in May. Concurrently, the company launched its new 'Verizon Simplicity' plan, offering unlimited 5G Ultra-Wideband for $45/month, with a promotional rate of $30 for new switchers. This new plan includes 10 GB hotspot data, Canada/Mexico roaming, and satellite texting, representing a competitive move to attract and retain subscribers in the wireless market.
At the time of this announcement, VZ was trading at $45.84 on NYSE in the Technology sector, with a market capitalization of approximately $191.4B. The 52-week trading range was $38.39 to $51.68. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Wiseek News.