Verizon posts lower Q4, FY results as customer growth slows

Tuesday 24 January 2017 | 14:24 CET | News
Verizon reported a drop in fourth-quarter and full-year results for 2016, due to the slowdown in its mobile business, and said it hopes to return to stable organic revenues and profit in 2017. While the US operator expects to complete its takeover of XO Communications in Q1, it said it was still assessing the extent of the data breach at Yahoo before going ahead with that takeover.

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Categories: General
Companies: Verizon / Verizon Wireless / XO Communications / Yahoo
Countries: United States
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