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Tag Archives: Verizon

Verizon reports 20 percent fall in quarterly profit

The Verizon logo is seen on the side of a truck in New York City, U.S., October 13, 2016.  REUTERS/Brendan McDermid

Verizon Communications Inc (VZ.N), the No. 1 U.S. wireless carrier, reported a 20 percent fall in quarterly profit as it lost wireless postpaid subscribers despite the re-launch of unlimited data plans. Net income attributable to the company fell to $3.45 billion (2.69 billion pounds), or $0.84 per share, in the first quarter ended March 31, from $4.31 billion, or $1.06 ...

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Yahoo and Verizon ‘near to agreeing revised sale terms’

yahoo-mail

Internet group Yahoo has reportedly agreed a price cut on its initial $4.8bn (£3.86bn) sale to Verizon. Verizon’s purchase of Yahoo’s core internet arm was put in doubt last year after disclosure of two cyber attacks. Several reports in the US said Yahoo has now accepted a price cut of up to $350m and agreed to share liability with Verizon ...

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