Verizon Worth $53 Despite Leverage, Price War

With the buyout of Vodafone's Verizon Wireless stake, the company will have access to a larger portion of its cash flows and profits to pay off the debt and reduce its interest burden, which it has said is its priority ahead of share buybacks. Also, despite rising competition, the carrier has refrained from cutting its own prices by much, illustrating the pricing power that it commands in the industry due to its strong and reliable network coverage.