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More from Verizon: CFO Fran Shammo says Verizon's capex is down 10% Y/Y thus far in 2012, and...
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Thursday, October 18, 2012, 9:21 AM ETMore from Verizon: CFO Fran Shammo says Verizon's capex is down 10% Y/Y thus far in 2012, and that Verizon's capex-to-revenue ratio, which has been in a long-term decline, will fall further. Telecom equipment companies, already struggling to cope with Verizon and AT&T's conservative capex mindset, won't be happy to hear that. Meanwhile, Vodafone (VOD) won't be glad to hear Verizon declare talk about a new Verizon Wireless dividend "premature."
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