• News Desk

VERIZON REVENUE DROPS AS SUBSCRIBER ADDITIONS DISAPPOINT


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.

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#Verizon #Subscriber #Yahoo

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