Shares of Verizon Communications (NYSE: VZ) were falling today after the telecom giant posted disappointing revenue results on weakness in wireless equipment and due to a slow phone upgrade cycle.

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Verizon Communications Inc., the biggest wireless carrier in the US, will buy some of US Cellular Corp.’s spectrum licenses for $1 billion as the tower operator sheds parts of its portfolio.

Wireless Service Revenue Growth: 2.7% increase in the third quarter. Adjusted EBITDA: $12.5 billion, the highest ever reported by Verizon. Cash Flow: $6 billion generated in the quarter.

Its $3.2 billion is only a minor portion of Verizon's $33.3 billion in Q3 revenue. The bulk of the telecom's earnings comes from its mobile-wireless service. This segment saw Q3 sales increase 3% ...

Glendon Capital Management sent a letter to Frontier’s board on Wednesday saying the $38.50 per-share acquisition price offered by Verizon significantly undervalues the telecommunications ...

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