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

Salesforce stock hit by weak guidance, co-CEO’s exit. What next?

For technology stocks, 2022 has been a challenging year, with companies losing significant market value amid prolonged stock selloff. In that respect, Salesforce, Inc. (NYSE: CRM) is among the worst-affected

Macy’s (M): Here’s a look at the retailer’s expectations for the near term

Shares of Macy’s Inc. (NYSE: M) were down on Thursday. The stock has gained 36% over the past three months and 18% over the past one month. The company’s sales

KR Earnings: Kroger Q3 sales, profit increase and top expectations

Department store chain The Kroger Co. (NYSE: KR) on Thursday said its third-quarter sales and adjusted earnings increased year-over-year. The latest numbers also exceeded the market's expectations. Net earnings attributable to

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