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US: Verizon Wireless buyback proves lucrative

By  |  February 24, 2014

Verizon Communications is reaping the benefits of its decision to re-acquire its wireless operations as reports say the company is predicting hire profit margins.

Verizon Communications closed the acquisition last week following the $130 billion buyback from Vodafone.

Since reports say Verizon Communications predicts a 4 percent revenue increase, with profit increases for both its wireless and landline operations.

The transaction was part of Verizon’s confidence in the wireless market and its room for growth, say reports, despite slowing smartphone sales.

Full Content: Businessweek

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