Verizon's Irish unit sees profit drop

The directors of Verizon Services Ireland Ltd state that future developments include establishing the new global centre of excellence in Limerick

Last December, Verizon Communications announced plans to expand its operation in Ireland by setting up a new global centre of excellence in Limerick city that will employ more than 400 workers.

Pre-tax profits at the main Irish unit of US telecommunications giant, Verizon Communications last year declined by 20% to $947.47m (€856m).

Last December, Verizon Communications announced plans to expand its operation in Ireland by setting up a new global centre of excellence in Limerick city that will employ more than 400 workers. Verizon has been active here since 2006 and employs about 1,000 workers in Dublin.