Verizon Communications issued an immediate response to Standard & Poor’s ratings announcement:
“Despite the general industry issues cited by S&P, we do not believe this watch is warranted given our strong business results and progress with debt reduction. We have confidence in our business model, which continues to generate healthy cash flows, including $6.4 billion in free cash flow last year. We have already reduced total debt by more than $18 billion over the past two years,” said Doreen Toben, Verizon CFO. http://www.verizon.com
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Every article published by Converge Digest is researched, curated, fact-checked and editorially reviewed by Jim Carroll, Editor & Publisher. AI-assisted drafting may be used to accelerate production, but all content is reviewed, refined and approved prior to publication.
You just read about Verizon. One of the companies whose work it now carries:
XO Communications built Competitive local, metro fiber and enterprise network operator. What became of it?
XO Communications brought Competitive local, metro fiber and enterprise network operator to Telecom. That work was distinctive enough to lead to its acquisition by Verizon for US$1.8B. The standalone name now passes into the archive — but the team and technology continue inside Verizon today. One of 430 names here whose work outlived the company.
