Verizon's Impairment Is A Long-Term Blip

Bruce Bennett Verizon (VZ) is a telecommunication conglomerate and one of the largest in the world, with a market cap of more than $160 billion. The company recently announced a $5.8 billion impairment charge that it was taking, a long line in a string of bad news, where it spent almost $80 billion at a 5G auction. Verizon Spending Costs Verizon's biggest problem has been it's getting into a more competitive and expensive market. T-Mobile has become a major player that it wasn't before and AT&T remains an e ...