Tag: Verizons

Verizon’s fourth quarter to take $5.8 billion hit from unit write down

(Reuters) -Verizon’s fourth-quarter results will take a $5.8 billion hit from charges related to a write down in the value of its unit that caters to businesses and government clients due to declining wireline revenue, the U.S. telecom firm said. The move follows a five-year review of the unit that showed its financial projections were […]