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Verizon seeks $10 billion from bond sale to fund Frontier deal, Bloomberg News reports

BY Reuters | CORPORATE | 11/10/25 09:30 AM EST

Nov 10 (Reuters) - Verizon Communications (VZ) is looking to raise about $10 billion in the corporate bond market to fund its $20 billion deal for Frontier, Bloomberg News reported on Monday, citing a person familiar with the matter.

The wireless carrier filed for a five-part bond sale, earlier in the day, without disclosing a size. Initial price discussions for the longest portion of the deal, a 40-year bond, are about 1.6 percentage points above Treasuries, the report said.

Verizon did not immediately respond to a Reuters request for comment.

The company agreed to buy Frontier last year for about $9.6 billion and absorb $10 billion in Frontier debt. It is looking to close its deal for the fiber-optic internet provider early next year, after receiving regulatory approval in May upon agreeing to end its diversity programs.

The news follows Meta Platforms' (META) biggest bond sale of up to $30 billion announced last month, as enterprises rush to fund costly artificial intelligence expansion plans.

Cloud infrastructure and software maker Oracle is also reportedly looking to raise $15 billion in bond sales.

(Reporting by Harshita Mary Varghese in Bengaluru;Editing by Arun Koyyur)

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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