Editor Desk
Oct 20, 20161 min
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. The company said on Thursday total operating revenue in the quarter fell 6.7 percent to $30.94 billion, from $33.16 billion. Analysts had expected revenue of $31.14 billion, according to Thomson Reuters I/B/E/S.