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Verizon's Profit Stung by Oath Restructuring



Verizon Communications Inc.'s core wireless business continues to add customers in the crowded U.S. market, but the company's quarterly profit was hit by charges linked to a restructuring in its struggling media business.

The carrier previously said it added a net of 653,000 new postpaid phone connections during the final quarter of 2018. That pool of new phone connections was an increase from the net 295,000 it added in the third quarter and a 50% increase from the 431,000 additions in the final quarter of 2017.


  


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