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Verizon Communications : Launches $25 Billion Bond Sale to Pay for 5G Spectrum -- Update


By Nina Trentmann
Verizon Communications Inc. is raising $25 billion in new debt to help it settle a bill for spectrum licenses coming due this month.
The cellphone carrier in February won more than half of the wireless airwaves offered in a U.S. government auction and pledged $45.5 billion for them, plus roughly $8 billion in additional clearing payments to help existing license users move to other bands. The new spectrum rights could help Verizon expand the reach and bandwidth of its fifth-generation wireless offering.
Verizon paid a first installment of $8.2 billion to the Federal Communications Commission on Wednesday, and will use the proceeds of the bond sale launched Thursday to pay the roughly $36.4 billion owed to the FCC by March 24, Chief Financial Officer Matthew Ellis said. ....

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Siminn axing jobs in cost cutting drive | IceNews

Siminn axing jobs in cost cutting drive | IceNews
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Bradley sponsors broadband bill in N.H. Senate


CONCORD — As Carroll County towns prepare to vote this town meeting season on creating a Broadband Communications District planning committee, the New Hampshire Senate has passed a bill designed to increase access to broadband internet.
Prime Sponsor and Majority Leader Jeb Bradley (R-Wolfeboro) called SB 85 an important step, saying, “The pandemic has revealed that we need significantly more broadband access, especially for New Hampshire residents who are working from home, attending school on-line, participating in telehealth visits with their doctor or just trying to stay in touch with family and friends.”
He added, “This legislation establishes a first-of-its-kind grant fund utilizing state and federal funds matched by cities and towns. This type of partnership is exactly what has been needed to significantly improve broadband to all Granite Staters.” ....

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