Jan 22 Verizon Communications Inc posted
a $1.93 billion quarterly loss due to pension liabilities and
storm-related charges that offset strength in its wireless
The telephone company reported a loss of $1.48 per share,
compared with a loss of 71 cents per share a year earlier, when
it posted a loss of about $212 million.
Revenue rose 4.5 percent to $30.05 billion, compared with
Wall Street expectations for $29.83 billion, according to
Thomson Reuters I/B/E/S.
Verizon Wireless, the company's mobile venture with Vodafone
Group Plc, is the biggest U.S. mobile service provider.