Verizon says 2016 earnings may 'plateau'

Reuters News
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Posted: Sep 17, 2015 9:18 AM

(Reuters) - Verizon Communications Inc <VZ.N> said its 2016 earnings may "plateau" at 2015 levels due to near-term impacts including commercial model change in wireless.

The company also cited the planned sale of its wireline business to Frontier Communications Corp <FTR.O> as a reason for the lackluster forecast.

(Reporting by Devika Krishna Kumar in Bengaluru; Editing by Don Sebastian)