Inside Verizon: Acquisitions drive return to consolidated revenue growth
Editor’s note: Verizon relies on acquisitions to return to consolidated revenue growth in 2Q17 reported in its earnings announcement on Thurday, says Technology Business Research Analyst Steve Vachon. HAMPTON, N.H. – Unlimited data boosts Verizon’s phone net additions though wireless margins continue to diminish. according to financial data announced Thursday. In 2Q17 Verizon was able to report consolidated year-to-year revenue growth (+0.1%, on historical, non-adjusted basis) for the first quarter since 1Q16 but this was mainly due to $693 million in revenue generated from acquisitions that have closed in the past year including Fleetmatics, Telogis and most recently Yahoo,...
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