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Jan. 29 (Bloomberg) -- Verizon Communications Inc., the second-largest U.S. telephone company, said fourth-quarter profit declined 38 percent because of costs to build a fiber-optic network and shed assets. 'Verizon Profit Declines 38% as Network Costs Increase (Update4) (Bloomberg.com) Jan. 29 (Bloomberg) -- Verizon Communications Inc., the second-largest U.S. telephone company, said fourth-quarter profit fell 38 percent because of costs to build a fiber-optic network and taxes tied to selling a Latin American unit. 'Cities, wireless network start working out the details (San Jose Mercury News) As Silicon Valley pushes to build a regional wireless network, community leaders along with the technology companies behind the project now find themselves pouring over the murky details of paying for and running the project. 'Verizon earnings fall but wireless beats forecasts (Reuters via Yahoo! News) Verizon Communications Inc. reported a fall in quarterly profit on Monday, as strong growth in its wireless venture was offset by charges from asset sales and spending on its high-speed, fiber optic network. 'Verizon earnings fall, sales up on wireless (Reuters via Yahoo! News) Verizon Communications Inc. reported a 38 percent fall in quarterly profit on Monday as strong growth in its wireless venture was offset by higher spending on its fiber optic network and charges from asset sales.
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