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General

Verizon Q1 results drop on mobile customer losses

Thursday 20 April 2017 | 14:19 CET | News
Verizon showed another drop in results for the first quarter, but said it started to see signs of improvement after it launched its new unlimited mobile offer during the quarter. Revenues fell 7.3 percent year-on-year to USD 29.8 billion. Excluding divestments, revenues were down 4.5 percent, as wireless revenue fell 5.1 percent to USD 20.9 billion. Verizon said it lost a net 307,000 retail postpaid connections in the quarter. Prior to the launch in mid-February of Verizon Unlimited, the net loss was 398,000 postpaid customers, whereas in the rest of the quarter the company had a net gain of

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Categories: General
Companies: Verizon
Countries: United States
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