Malady Kyle sold $55K of VZ

Verizon (VZ) increased its debt buyback to $664 million, accepting notes with various maturity dates and interest rates. The company raised its Waterfall Cap to $500.04 million and Sub Cap to $182 million. Barclays and Scotia Capital managed the offers, with settlement scheduled for Monday.

Verizon announced pricing terms for tender offers to buy back up to $500M of five note series, with yields ranging from 4.8% to 6.4%. Settlement is expected on November 9, 2026. The company set a $155M sub-cap for Priority Level 1 notes. This debt repurchase may reduce future interest costs but is subject to offer conditions.

Verizon (VZ) set pricing terms for five cash tender offers, covering up to $500M. It expects full acceptance for priority levels 1 and 4, partial for levels 2 and 5, and none for level 3. Final details are due after the offers expire on November 4, 2026, according to the company.

Ericsson (ERIC) and Verizon (VZ) partnered to deploy AI-driven automation in Verizon's radio access network. Verizon plans a nationwide rollout of Ericsson's Intelligent Controller platform, which has shown throughput gains of up to 8.9% downlink and 8% uplink. Verizon will also develop its own rApps. ERIC shares were down 1.31% at $10.94, while VZ shares were up 0.28% at $45.17.

AT&T, Verizon, and T-Mobile formed a joint venture on October 1, 2026, to pool spectrum and expand satellite-to-phone coverage in rural areas. The venture aims to eliminate US dead zones and will be overseen by a board with representatives from all three companies. Paul Roth was named interim CEO. The companies' stocks fell after SpaceX's spectrum acquisitions, with T-Mobile down 13.3%, AT&T down 9.8%, and Verizon down 8.8% on October 9, 2026.

SpaceX is reportedly in talks to acquire Boost Mobile or access its network, which has 7.38 million subscribers. This could accelerate SpaceX's wireless plans, undercutting Verizon's 4-6 year estimate. Boost's network leases may require approval from AT&T and T-Mobile. Verizon and AT&T are expected to see less than 2% annual revenue growth through 2028, leaving little room for price competition.