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Verizon revenue drops as subscriber additions disappoint

It could also renegotiate a deal to buy Yahoo Inc after a breach of Yahoo user email accounts

Reuters 

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 per cent to $30.94 billion, from $33.16 billion. Analysts had expected ...

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First Published: Fri, October 21 2016. 03:30 IST
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