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Verizon sees higher mobile churn in Q1

Wednesday 11 March 2015 | 09:47 CET | News
Verizon expects an increase in churn among mobile customers in the first quarter compared to a year earlier, due to increased competition. The price war among US carriers has "calmed a bit," but moves from rivals could change that, CFO Fran Shammo said at an investor conference reported by the Wall Street Journal. In 2014, the major operators made more than 90 price moves compared with about 20 the year before, Shammo said. This has contributed to higher churn in the latest quarter, but Verizon is not concerned, according to the CFO. He also said that Verizon's Chief Technology Officer Tony

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Categories: General
Companies: Verizon
Countries: United States
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