Verizon, AT&T find new markets as traditional revenues flatten

With their purchases of DirecTV, AOL and Yahoo, the nation's two biggest wireless carriers -- AT&T and Verizon -- have pivoted beyond their traditional business in the search for alternative revenues.

Those purchases -- the latest being Verizon's announcement Monday to snap up Yahoo for $4.8 billion -- came about because the carriers realized more than two years ago that traditional wireless services are becoming saturated in the U.S. As a result, wireless services revenues have shrunk or remained flat in recent quarters.

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