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General

Verizon warns for mobile margin pressure in Q4

Tuesday 9 December 2014 | 08:45 CET | News
Verizon warned for pressure on its margins in the fourth quarter due a high level of promotional activity and customer phone upgrades in the mobile market. The EBITDA margin at the mobile division and across the group will be affected in the fourth quarter, as will earnings per share. Verizon said it was seeing "very strong" customer demand for 4G smartphones and tablets on its More Everything shared data plans in the fourth quarter to date. Retail postpaid gross additions are higher both sequentially and year over year. As new device drive customer phone upgrades, the company expects as much

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Categories: General
Companies: Verizon
Countries: United States
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