Categories Technology

Verizon plans to revamp its units: Oath becomes separate segment

Carrier giant Verizon Communications Inc (VZ) announced plans to reorganize its business segments to just three — Consumer, Business and Verizon Media Group/Oath — to focus better on its customers.

This is the first bold move by under Chief Executive Officer Hans Vestberg, who was named to the post on Aug. 1, who is strafing away from the rigid difference between wireless and wireline offerings, and adding Fios internet and video products.

Verizon third quarter 2018 Earnings Infographic

Verizon Media Group/Oath segment includes media, advertising and technology, and be led by Oath CEO Guru Gowrappan, which brings Yahoo and AOL under him.

Verizon Consumer Group includes the consumer segment of wireless and wireline businesses, and will be led by Verizon Wireless president Ronan Dunne.

Verizon Business Group includes products and services sold to businesses/government, and will be headed by Tami Erwin — the current executive VP of wireless operations.

The new units will come to effect on the 1st of January, 2019, Verizon said it plans to report its results under the new structure from the second quarter of 2019.

 

 

Follow our Google News edition to get the latest stock market, earnings and financial news at your fingertips.

Most Popular

Amazon (AMZN) stock remains a good bet despite poor results. Here’s why

Amazon.com, Inc. (NASDAQ: AMZN) became an inspiration for other players in the eCommerce sector as the online retailer successfully channelized its resources to tap into the spike in demand for

WMT Earnings: All you need to know about Walmart’s Q2 2023 earnings results

Walmart Inc. (NYSE: WMT) reported second quarter 2023 earnings results today. Total revenue increased 8.4% year-over-year to $152.9 billion. Revenues grew 9.1% in constant currency. Consolidated net income attributable to

Rivian (RIVN) reaffirms production goals. Will it be a smooth ride?

The evolution of the electric vehicle industry accelerated in recent years even as innovations in battery technology and affordability brought EVs into the mainstream. Encouraged by the success of market

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top