Verizon Expects $4 Billion Boost From Tax Cuts
- Windfall from tax overhaul will go to strengthen balance sheet
- Fourth-quarter earnings come in below analyst estimates
How Verizon Might Use Some of Its Tax Savings
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Verizon Communications Inc. expects a massive windfall from U.S tax cuts to boost 2018 cash flow by $3.5 billion to $4 billion, giving the phone giant a lift during a challenging time.
The tax-cut boon helped soften the blow as fourth-quarter earnings missed estimates. The largest U.S. wireless carrier has had to offer unlimited data plans to keep luring subscribers as a saturated and competitive market makes it more difficult to attract new customers.