Will Recent News Boost Verizon’s Stock?
T = Trends for a Stock’s Movement
Verizon is a provider of communications, information, and entertainment products and services to consumers, businesses, and governmental agencies. It operates in two primary segments: Verizon Wireless and Wireline. Verizon Wireless’ communications products and services include wireless voice, data services, and equipment sales, which are provided to consumer, business, and government customers across the United States. Wireline’s communications products and services include voice, Internet access, broadband video and data, Internet protocol network services, network access, long distance, and other services.
Verizon is nearing an agreement to purchase Intel Corp.’s (NASDAQ:INTC) Internet-based TV Service, sources familiar with the matter tell Bloomberg. According to the same sources, a deal could be announced as early as next week following the finalization of details.