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Bernard Horn Comments on Verizon Communications

- By Holly LaFon

Verizon Communications (VZ) missed fourth quarter earnings estimates, as it added significantly fewer mobile subscribers, even after heavy price cuts and promotions. The company is slated to adopt unlimited data plans to meet competitive threats, which may further erode margins in the near-term. To reinvigorate business, Verizon approached Liberty Media about a merger with Liberty's Charter Communications, which would create a behemoth with the biggest wireless and internet subscriber base, as well as the third largest television customer base.

From Bernard Horn (Trades, Portfolio)'s Polaris Global Fund first quarter 2017 shareholder letter.
This article first appeared on GuruFocus.