Verizon Shares Drop Amid Spin-Off Announcement and Industry News
Shares of Verizon fell by as much as 8.1% after announcing a joint venture spin-off, cost-cutting measures including layoffs, and severance charges. The decline occurred alongside news from rivals Comcast and Charter Communications, as well as reports involving SpaceX.
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Topics: BT Group Charter Communications Comcast SpaceX Verizon