Verizon Communications Inc (VZ.N) said its 2016 earnings may “plateau” at 2015 levels due to near-term impacts including commercial model change in wireless.

The company also cited the planned sale of its wireline business to Frontier Communications Corp (FTR.O) as a reason for the lackluster forecast.

(Reporting by Devika Krishna Kumar in Bengaluru; Editing by Don Sebastian)

This entry passed through the Full-Text RSS service – if this is your content and you’re reading it on someone else’s site, please read the FAQ at

Related Posts

Facebook Comments

Return to Top ▲Return to Top ▲