Verizon profit plunges 30%
Acquisition costs eclipse boost from subscribers
Posted: October 27, 2009 at 3:59 a.m.
Verizon Communications Inc. reported a 30 percent drop in third-quarter earnings Monday as it couldn’t sign up enough new subscribers to offset higher costs from laying off workers and absorbing the Alltel acquisition.
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Business, Pages 19 on 10/27/2009
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