Verizon 1q Profit Surges On Vodafone-related Gains

The New York-based telecommunications company completed its acquisition of the 45 percent stake in its wireless division from Vodafone Group PLC in February. Verizon Communications Inc. said Thursday that its first-quarter net income rose 23 percent to $5.99 billion, or $1.15 per share, from $4.86 billion, or 68 cents per share, in the January-March quarter of 2013.

 

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