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AT&T Takes Out $5.5 Billion Loan, Plans ‘Sizing’ of Business

By Jessica Toonkel
· · Source: The Information

AT&T responded to increasing questions about its ability to weather the economic downturn by laying out a series of steps it has taken to improve its financial flexibility, including taking out a short term $5.5 billion loan to add to its cash position. The telecom giant, in a statement, said that it expects “sizing” of its “operations to economic activity” will provide further cash to...

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