Telecoms Down as Verizon Skeptical on Yahoo Deal - Telecoms Roundup
06 January 2017 - 9:37AM
Dow Jones News
Shares of telecommunications companies slipped. Weeks after
Yahoo Inc. disclosed a massive data breach, Verizon Communications
Inc. is unsure whether it will proceed with its $4.83 billion
purchase of the internet company's core business, a top Verizon
executive said Thursday. Marni Walden, a Verizon executive vice
president, said the carrier is still studying the impact of a data
breach at Yahoo that affected more than 1 billion accounts, which
the internet firm disclosed in December.
Amy Pessetto, amy.pessetto@dowjones.com
(END) Dow Jones Newswires
January 05, 2017 17:22 ET (22:22 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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