Tony Skiadas.
Verizon Communications Inc., which agreed to buy Frontier Communications Parent Inc. for about $9.59 billion in cash, said it's focused on paying down debt as it works on closing the deal.
New York-based Verizon expects a measure of its indebtedness—the ratio of its debt to a type of earnings—to edge higher when the transaction closes in about 18 months, the firm's CFO Tony Skiadas said in a conference call Thursday. But the company has time to pay down debt before then, he added.
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