Verizon to Take $5.8B Impairment Charge in Q4
Verizon warned in an SEC filing Wednesday it will take a $5.8 billion impairment charge in Q4 reflecting "secular declines" in its Business Group. An “impairment test determined that the fair value of the Business reporting unit was less than…
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its carrying value," Verizon said. The carrier is slated to release Q4 results Tuesday.