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AT&T Wireless Prices $3 Billion Bond Offering

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Apr 12, 2002, 10:33 AM by (staff)

AT&T Wireless announced today the pricing of a bond sale totaling $3 billion. The offering is expected to close on April 16, 2002. Proceeds from the offering will be used for general corporate purposes, which may include capital expenditures, repaying the debt of the company or its subsidiaries, or to fund acquisition costs. Relating to capital expenditures, AT&T Wireless plans to begin UMTS deployments in late 2003 and launch in mid-2004, although some analysts expressed doubt about such an agressive timeframe.

source: AT&T Wireless

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