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Verizon Communications Inc.
VIRGINIA, + 1.13%
On Monday, he plans to reorganize into three sectors: consumers, businesses and Verizon Media Group / Oath, to increase growth opportunities as 5G technology materializes. The Company announced that the changes will take effect on January 1 and that it plans to transition to financial reporting under the new structure beginning in the second quarter of 2019. "We focus on the benefits of our technology for the lives of our customers and society in general, "CEO, Hans Vestberg, said in a statement.The consumer group will cover the consumer businesses of the fixed and wireless businesses and will be led by Ronan Dunne, currently senior vice president and president of Verizon Wireless, will include wireless and fixed enterprises, small and medium-sized enterprises and government, as well as wireline wholesale and Verizon Connect. This division will be led by Tami Erwin, Senior Vice President, Wireless Operations. ra advertising and technology, entertainment, games, trade information and other services, under the guidance of Guru Gowrappan, CEO of Oath. The shares were not yet active before marketing, but gained 7% in 2018, while the S & P 500 index
SPX, -0.63%
gained 1.9%.
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