Breakingviews - Verizon stuck in neutral as rivals shift [Reuters]
Verizon Communications Inc. (VZ)
Last verizon communications inc. earnings: 4/24 07:30 am
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Source: Reuters
Breakingviews - Verizon stuck in neutral as rivals shift | Reuters 3 Min Read NEW YORK (Reuters Breakingviews) - Verizon’s perch as the No. 1 carrier in the United States looks secure. The $200 billion telecom firm reported a rise in wireless subscribers on Thursday. But the gap is narrowing. Cable rivals Comcast and Charter are also offering mobile services, AT&T is trying to become a media company and Sprint and T-Mobile may yet merge. A heavy debt load hobbles Verizon’s ability to quickly change lanes. Verizon said it had a net addition of more than 600,000 wireless customers, including those for tablets and other devices, who pay a monthly bill in the third quarter. Earnings were flat at $3.7 billion, but $10 billion in cost savings targeted by Chief Executive Lowell McAdam over the next four years should help the bottom line. Looming over Verizon is the chance that Sprint and T-Mobile US may finally combine. The third and fourth carriers in the United States argue that a tie-up w
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VZ
News
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- Verizon to award $25K crisis-response grant to Maryland Tough Baltimore Strong Key Bridge Fund [Yahoo! Finance]Yahoo! Finance
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VZ
Earnings
- 4/22/24 - Beat
VZ
Sec Filings
- 4/25/24 - Form 10-Q
- 4/22/24 - Form 8-K
- 4/16/24 - Form PX14A6G
- VZ's page on the SEC website