Verizon Aims to Be Much More Than a Phone Company [telecom]

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Wireless is still in the driver seat, but other ventures are making money, too.

By Nicholas Rossolillo

Investors (rightly) think of Verizon Communications as a phone company. When subscriber numbers are strong -- like they were in the first quarter of 2018 -- the stock pops.

It makes sense -- roughly 90% of the company's top line comes from its wireless and wireline businesses.

While that big chunk of the company will remain the focus for some time, Verizon has other irons in the fire that could really pay off long term.