CANADA MAY RETAILS -0.8% VS FORECAST -0.6%, PRIOR +0.6%

MNI: Canada June Retails Fall And May Biggest Drop In A Year

MNI China Daily Summary: Friday, July 19

MNI BRIEF: China To Boost Consumer Spending, New Industries

MNI BRIEF: China Enhances Fiscal Response To Boost Economy

MNI BRIEF: China To Promote Migrates' Rights, Reform Hukou System

MNI: BAKER HUGHES US RIG COUNT 586; OIL RIGS 477; GAS RIGS 103

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Fitch: T-Mobile (NR/BBB/BBB+) Rating Unchanged Following UScellular Acquisition

COMMUNICATIONS
Credit BulletsBulletHomepagemarkets-real-timeCredit
  • Acquisition aligns with growth strategy to gain stronger rural market presence; top 3 U.S. mobile provider with 121M customers.
  • Deal is manageable for the company given EBITDA leverage mid-2.0x (against thresholds given at last upgrade of 2.2x and 2.75x), revenue and EBITDA increase <5%.
  • Assumed use of cash though they note the possibility of new borrowings along with the debt exchange.
  • Regulatory scrutiny expected; integration risk mitigated by Sprint and Ka’ena acquisitions.
72 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
  • Acquisition aligns with growth strategy to gain stronger rural market presence; top 3 U.S. mobile provider with 121M customers.
  • Deal is manageable for the company given EBITDA leverage mid-2.0x (against thresholds given at last upgrade of 2.2x and 2.75x), revenue and EBITDA increase <5%.
  • Assumed use of cash though they note the possibility of new borrowings along with the debt exchange.
  • Regulatory scrutiny expected; integration risk mitigated by Sprint and Ka’ena acquisitions.