Home Verizon to take USD 4.6 bln impairment charge to write off Oath goodwill
 

Keywords :   


Verizon to take USD 4.6 bln impairment charge to write off Oath goodwill

2018-12-11 16:32:00| Telecompaper Headlines

(Telecompaper) Verizon announced that it will write off most of the remaining goodwill at its online advertising business Oath in the fourth quarter, in an impairment charge totaling USD 4.6 billion. The US operator said the latest five-year projection for the business found the company is unlikely to grow as expected, nor has it benefited as much as hoped from the merger of AOL and Yahoo. 

Tags: write charge usd verizon

Category:Telecommunications

Latest from this category

All news

»
05.11Tropical Storm Rafael Graphics
05.11Tropical Storm Rafael Wind Speed Probabilities Number 7
05.11Tropical Storm Rafael Public Advisory Number 7
05.11Summary for Tropical Storm Rafael (AT3/AL182024)
05.11Tropical Storm Rafael Forecast Advisory Number 7
05.11Boeing strike ends as workers back 38% pay rise deal
05.11Tropical Storm Rafael Public Advisory Number 6A
05.11Summary for Tropical Storm Rafael (AT3/AL182024)
More »