Tuesday, September 3, 2013

Reuters: Technology News: Verizon may still look at international expansion

Reuters: Technology News
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Verizon may still look at international expansion
Sep 3rd 2013, 14:13

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A Verizon wireless store is shown in Del Mar, California June 6, 2013. REUTERS/Mike Blake

A Verizon wireless store is shown in Del Mar, California June 6, 2013.

Credit: Reuters/Mike Blake

NEW YORK | Tue Sep 3, 2013 9:13am EDT

NEW YORK (Reuters) - Verizon Communications Inc would not rule out international expansion even as it carries out a massive $130 billion plan to buy Vodafone Group Plc's 45 percent stake in Verizon Wireless, said Verizon Chief Executive Lowell McAdam.

On a conference call with analysts on Tuesday, McAdam and Chief Financial Officer Fran Shammo also said they aim to "as quickly as possible" pay down the more than $60 billion in debt Verizon is incurring for the Vodafone deal and to return the company to its investment grade credit rating in four to five years.

(Reporting by Sinead Carew; Editing by Gerald E. McCormick)

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