Verizon Communications announced it will redeem in full its US$1.25 billion 4.329% Notes due 2028 on September 21, 2026, at a price based on a Treasury Rate calculation plus 25 basis points and accrued interest. The redemption is part of a broader strategy that includes a pivot toward hyperscaler dark fiber and edge connectivity, with contributions expected from 2027. The company's narrative projects $147.7 billion revenue and $22.4 billion earnings by 2029, requiring 2.0% yearly revenue growth and about a $5.1 billion earnings increase from $17.3 billion today. Analysts' fair value estimates range widely, with some seeing a $51.90 fair value, a 4% upside to the current price, while others assume earnings could rise from US$16.2 billion to US$25.7 billion, though execution risks remain.
Verizon Communications IncDebt redemption and strategic pivot to hyperscaler dark fiber with projected growth, but execution risks and mixed analyst views.
