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Wireline Business

All articles tagged with #wireline business

Verizon's Fourth Quarter Hit: $5.8 Billion Write-Down

Originally Published 2 years ago — by Yahoo Finance

Verizon will take a $5.8 billion write-down in the fourth quarter, primarily due to the declining value of its wireline business, and has revised its financial projections for its Business unit. The wireline business has been facing pressure from strong competition, an uncertain economy, and a shift to wireless services. Verizon's shares were down more than 1% following the announcement, and the company is set to report its fourth-quarter results on Jan. 23.

business business business financial-projections telecom verizon wireline-business write-down

Verizon partners with HCLTech for technology services and support

Originally Published 2 years ago — by Reuters

Verizon has signed a technology deal with HCLTech to help manage networks for its business customers, aiming to address the decline in its wireline business. The partnership will involve Verizon Business leading sales and development, while HCLTech will handle post-sale network roll-out and support. The move is expected to unlock value and attract new clients, leveraging artificial intelligence and automation techniques.

business technology hcltech network-management technology technology-deal verizon wireline-business