AT&T (T) confirmed Thursday that it is launching a five-part sale of US dollar bonds to fund general corporate operations and potential acquisitions.

The telecommunications provider is offering debt securities with repayment terms ranging from five to 30 years, Bloomberg News reported, citing a source with knowledge of the matter.

Initial pricing for the longest-dated notes, set to mature in 2056, is being discussed at a yield of approximately 1.4 to 1.45 percentage points above comparable US Treasury benchmarks, Bloomberg cited the source as saying.

The company intends to apply the capital raised toward general activities, which may include settling existing liabilities and financing pending deals, according to Bloomberg.

A company spokesperson told MT Newswires that the report is "accurate."