Verizon Pension Upside From Rates May Help FiOS Sale
Rising interest rates normally pose issues for telecom stocks, but Verizon Communications (VZ) might see upside if rising rates reduces its pension liabilities, helping enable a sale of its residential wireline FiOS business. Analysts have been speculating over a Verizon sale of its residential wireline business. The company has focused on wireless services since buying out Vodafone’s (VOD) 45% stake in their Verizon Wireless joint venture for