Half year earnings backup Verizon’s move into mobile media

The news comes one day after the telco giant confirmed it would be acquiring Yahoo’s core internet business in a $4.8 billion, a move which has generally been accepted as an effort to ensure Verizon is not too reliant on its phone business. Total revenues for the Verizon Wireless business were $21.7 billion in second-quarter 2016, a decline of 4% year-on-year, as the company stated more customers continued to choose unsubsidized device payment plans.


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