Verizon sees no economy impact, lower '08 spending

Mon Jan 28, 2008 9:00am EST
 
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NEW YORK, Jan 28 (Reuters) - Verizon Communications Inc (VZ.N) is not seeing any impact on its business from a slowing U.S. economy, according to Chief Financial Officer Doreen Toben.

Toben said on a conference call with analysts that while it is monitoring the situation it "has not seen a change of sales expectations through January" and expects a solid 2008.

Verizon expects 2008 capital spending to be less than its 2007 level of $17.5 billion, Toben said. (Reporting by Sinead Carew, editing by Gerald E. McCormick)

 

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