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BRIEF-Verizon CFO says could do share buybacks
January 22, 2013 / 2:25 PM / 5 years ago

BRIEF-Verizon CFO says could do share buybacks

Jan 22 (Reuters) - Verizon Communications Inc : * CFO sees wireless eibtda margins rebounding in 2013 to range of earlier 2012

quarters * CFO says hopeful enterprises will renew their investment activities in 2013 * CFO sees continued enterprise spending uncertainty due to issues such as debt

ceiling, deficit reduction, tax reform * CFO sees capex to revenue ratio continuing to decline * CFO says does not expect any cash funding requirements in 2013 for pensions * CFO sees flat 2013 capex * CFO says to cut Verizon wireless costs by $2 billion in 2013 * CFO says flat enterprise spending is “best we can hope for” because of

uncertainties * CFO says could do share buybacks at any time if opportunity presents itself * CFO says seeing “steady albeit slow” uptake of phones based on Microsoft Corp

Software

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