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ATLANTA-BellSouth Corp. said it plans to offer $3 billion aggregate principal amount of five- and 10-year senior notes to help finance its share of the pending acquisition of AT&T Wireless Services Inc. by its wireless subsidiary Cingular Wireless L.L.C.
JP Morgan, Lehman Brothers, Goldman Sachs and RBS Greenwich Capital are handling the offer.
BellSouth had previously stated that it expects its share of the $41 billion acquisition to come to approximately $15 billion and is selling its Latin American wireless operations to Telefonica Moviles for $5.85 billion to help fund the acquisition.
