Verizon's Shammo: Cash infusion from Vodafone venture isn't needed for Verizon dividends

05/15/2013 | Reuters

Verizon Communications can dole out dividend payments with cash to spare without help from its Verizon Wireless venture with Vodafone Group, Chief Financial Officer Fran Shammo told an industry conference Tuesday. Shammo reiterated that future dividends will likely be leaner because of the telecom's need for cash to repay debt and buy wireless spectrum.

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