Thread regarding Verizon Communications Inc. layoffs

Verizon was primarily a wireline company and wireless was a privately held asset and it's revenues were minor until few years ago. The biggest mistake of VZ was buying the stake from vodaphone. Now wireless is no.longer a lucrative business. We have a ton of debt - probably world's largest. Wireline never had this much debt. All this debt is because of wireless. Wireless revenues and profits are slimming down and it is getting difficult to service the debt. Wireline is like your paid off car, for which you don't pay installments. It is the wireless that is dragging everyone down...