Verizon revenue drops as subscriber additions disappoint [telecom]

Oct 21, 2016 0 Replies
Verizon revenue drops as subscriber additions disappoint [telecom] open original image

By Aishwarya Venugopal and Malathi Nayak



Verizon Communications Inc added fewer than expected wireless subscribers in the third quarter due to intense competition, and indicated it may renegotiate a deal to buy Yahoo Inc after a breach of Yahoo user email accounts.



As its bread-and-butter wireless operations struggle in a saturated phone market, Verizon had said in July it would buy Yahoo's core business for $4.83 billion to drive growth in advertising and media.



formatting link


Join the Discussion

Have something to add? Share your thoughts — no account required.

Didn't find your answer?

Ask the community — no account required