Bain Capital and Tillman Global Holdings are making a $1.5 billion investment in Eaton Fiber, a telecom operator providing fiber-optic network capacity to Verizon Communications Inc.
Verizon Communications Inc. reported mobility and broadband sales that exceeded Wall Street’s expectations in the second quarter, signaling that Chief Executive Officer Dan Schulman’s turnaround plan is starting to bear fruit.
Verizon Communications Inc. announced a round of layoffs Thursday that will impact about 3,000 employees in corporate-owned retail stores. This move is part of new Chief Executive Officer Dan Schulman’s plan to transform the mobile provider.
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