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…
Sign up for a free preview to unlock the rest of this article
Export Compliance Daily combines U.S. export control news, foreign border import regulation and policy developments into a single daily information service that reliably informs its trade professional readers about important current issues affecting their operations.
its carrying value," Verizon said. The carrier is slated to release Q4 results Tuesday.