Verizon Communications Inc. (VZ) is working on a plan to issue bonds backed by cellphone customer payments, Bloomberg News reported Wednesday, citing a person familiar with the matter.

Verizon has had talks with rating firms and potential investors, Bloomberg reported.

The bond sale could take place as early as June or July, the report said.

Full story at http://www.bloomberg.com/news/articles/2016-04-20/verizon-said-to-start-talks-for-bonds-backed-by-mobile-phones

Write to nymonitoring@dowjones.com

(END) Dow Jones Newswires

April 20, 2016 14:22 ET (18:22 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.
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