Verizon needs $8B for airwave licenses

Verizon says it intends to sell $8 billion of of stock and debt notes to help finance the company's recent $9.36 billion acquisition of federal airwave licenses, according to a filing Tuesday. The New York phone giant hopes to build a fourth generation nationwide network using the swath of 700 megahertz radio frequencies.

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[Source: Financial news of the day - CNNMoney.com]