Verizon Says 2016 Earnings May Plateau at 2015 Levels
- The wireless carrier cites managing 'near-term impacts'
- CEO McAdam: Company will restart sales growth by 2017
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Verizon Communications Inc. says 2016 earnings could plateau at 2015 levels as the company focuses on mobile and digital media while shedding some landline telephone operations.
Verizon Chief Executive Officer Lowell McAdam, speaking at a conference held by Goldman Sachs Group Inc., likened the shift to the telephone industry’s transition from copper to fiber-optic phone networks, which required a period of investment before a new sales growth.