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Verizon posts subscriber gain shortfall, says Yahoo to fuel media push

Verizon is focused on combining the media and advertising technology assets of Yahoo and AOL, which it acquired last year

Reuters 

Verizon Communications Inc disappointed Wall Street on Tuesday by reporting a smaller-than-expected subscriber gain for its main wireless business, while its CEO gave few details about plans to increase revenue from its planned purchase of Yahoo Inc's internet assets. Shares of the leading US wireless company, which had risen about 21% this year, fell 2% shortly after midday. Verizon is focused on combining the media and advertising technology assets of Yahoo and AOL, which it acquired last year, Chief Financial Officer Fran Shammo said in an interview. "This is ...

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First Published: Wed, July 27 2016. 10:45 IST
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