Verizon Projects 4% Revenue Growth In 2014 - Quick Facts

(RTTNews) - Verizon Communications Inc. (VZ) said that it expects to sustain consolidated revenue growth rates. It targets 4 percent consolidated revenue growth in 2014, compared with 4.1 percent in 2013.

Verizon posted $4.00 in earnings per share in 2013, or $2.84 in adjusted earnings per share. As previously announced, Verizon expects full ownership of Verizon Wireless to be immediately accretive to earnings per share by about 10 percent, excluding non-operational adjustments.

The company said it expects to deliver continued strong cash flows to fund network investments, reduce debt and support the dividend policy of Verizon's Board of Directors.

On Friday, Verizon Communications announced that it completed its acquisition of Vodafone Group Plc's (VOD, VOD.L) 45 percent indirect interest in Verizon Wireless in a transaction valued at about $130 billion.