More 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."