Verizon, AT&T Unlikely to Plan REITs Near-Term: Elevation
2014-11-14 16:18:41.633 GMT
By Felice Maranz
Nov. 14 (Bloomberg) -- Verizon shrs gained earlier amid
speculation regarding possible REIT spinoff; Elevation skeptical
either VZ or AT&T plan REITs similar to Windstream in near term,
TMT analyst Stephen Sweeney says in note.
* Cites VZ statements it’s explored REIT strategy, would be
much more complex than WIN; sees VZ wireless, FiOS network
as central, VZ mgmt may not want to split into operating,
networks entities
* Sees T having same size/complexity issues, plus pending
DirecTV deal (now top strategic priority), possible added
LatAm expansion
* Notes potential REIT index influence: VZ, T would probably
crowd out traditional land-based REITs; REIT-focused
investors, funds “may not like”
* NOTE: July 29, T, VZ Unlikely to Consider REIT, UBS Says
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To contact the reporter on this story:
Felice Maranz in New York at +1-212-617-8118 or
fmaranz@bloomberg.net
To contact the editor responsible for this story:
Arie Shapira at +1-212-617-1488 or
ashapira3@bloomberg.net
2014-11-14 16:18:41.633 GMT
By Felice Maranz
Nov. 14 (Bloomberg) -- Verizon shrs gained earlier amid
speculation regarding possible REIT spinoff; Elevation skeptical
either VZ or AT&T plan REITs similar to Windstream in near term,
TMT analyst Stephen Sweeney says in note.
* Cites VZ statements it’s explored REIT strategy, would be
much more complex than WIN; sees VZ wireless, FiOS network
as central, VZ mgmt may not want to split into operating,
networks entities
* Sees T having same size/complexity issues, plus pending
DirecTV deal (now top strategic priority), possible added
LatAm expansion
* Notes potential REIT index influence: VZ, T would probably
crowd out traditional land-based REITs; REIT-focused
investors, funds “may not like”
* NOTE: July 29, T, VZ Unlikely to Consider REIT, UBS Says
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
To contact the reporter on this story:
Felice Maranz in New York at +1-212-617-8118 or
fmaranz@bloomberg.net
To contact the editor responsible for this story:
Arie Shapira at +1-212-617-1488 or
ashapira3@bloomberg.net