RE:RE:RE:Handelsblatt is now stating US$7 billionPierre, you highlighted the $4.6 in Accounts Payable below, but what is the Accounts Receivable?
Thanks.
dv
pierrelebel wrote:
Unfortunately, as I have mentioned before, those calculations concentrate on paying the long term debt and largely ignore other current and long term liabilities.
There is over US$4,600,000,000 due suppliers in "account payables", there are many other libilities (both short and long term)
Total liabilities, not including the US$9.3 billion long term debt, exceeds US$ 21,000,000,000. That number cannot be ignored.
I think it is a mistake to assume that most of the proceeds from the sale of BT (and other assets being sold) will be used to pay long term debt.