Verizon to Take $1.7 Billion Hit in Q3 Due to Layoffs and Asset Restructuring

Verizon Communications Inc. (VZ) expects to record a significant severance charge in the third quarter due to its ongoing workforce reduction and strategic business realignment. The company also anticipates asset rationalization charges related to its plans to exit non-strategic business segments. Despite these challenges, Verizon’s recent financial results highlight continued growth in broadband and wireless subscribers.

Verizon Acquires Frontier in $20 Billion Deal, Expanding Fiber Network

Verizon Communications has acquired Frontier Communications in a $20 billion all-cash deal, boosting its fiber network and broadband services nationwide. The acquisition, expected to close in 18 months, will integrate Frontier’s 2.2 million fiber subscribers and 7.2 million fiber locations with Verizon’s existing infrastructure, creating a significant expansion of Verizon’s fiber footprint and bolstering its delivery of premium services.

Google Pixel Update Delays Frustrate T-Mobile and Verizon Users

Despite Google’s June Pixel update rollout beginning on June 11th, T-Mobile and Verizon users are still waiting for the update as of June 18th. This has caused frustration among some users who are eager to access new features like Gemini Nano and enhanced Find My Device functionality. Google has stated that the update will be rolled out in phases, but the delay has raised questions about why carrier affiliation impacts update timing.

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