Verizon, AT&T to face significant pension costs in 2012

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US - Telecommunications companies AT&T and Verizon Communications could face increased pension payments next year as their liabilities soar to a combined $73.2bn, according to an analyst note from Bernstein Research, a unit of AllianceBernstein.

Senior analyst Craig Moffett estimates that if capital markets end the year where they are currently, AT&T's total unfunded post-retirement liabilities will have increased by $11.4bn (37.7%) since ...

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