Monday, 26 June 2017

Verizon Q4 revenue down 5.6%

By Nick Wood, Total Telecom
Tuesday 24 January 17

U.S. telco axes 155 staff at mobile video-streaming division Go90.

Verizon on Tuesday reported a 5.6% decline in fourth quarter revenue, and revealed it has axed 155 staff at its Go90 mobile video streaming unit. Group revenue fell to $32.24 billion (€30.07 billion) from $34.25 billion. Wireline revenues were down 3.1% to $7.81 billion, while wireless revenue fell 1.5% to $23.38 billion. Group earnings per share came in at $0…

Verizon on Tuesday reported a 5.6% decline in fourth quarter revenue, and revealed it has axed 155 staff at its Go90 mobile video streaming unit. Group revenue fell to $32.24 billion (€30.07 billion) from $34.25 billion. Wireline revenues were down 3.1% to $7.81 billion, while wireless revenue fell 1.5% to $23.38 billion. Group earnings per share came in at $0…

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