Verizon Communications Inc withdrew its full-year revenue outlook on Friday as it lost 68,000 phone subscribers who pay a monthly bill in the first quarter amid lockdowns due to coronavirus outbreak that closed 70% of its stores.
) withdrew its full-year revenue outlook on Friday as it lost 68,000 phone subscribers who pay a monthly bill in the first quarter amid lockdowns due to coronavirus outbreak that closed 70% of its stores.
Verizon reported postpaid phone churn of 0.82% in the first quarter, compared to 0.84% in the same period last year. Verizon maintained its capital expenditure guidance of $17.5 billion to 18.5 billion, which was raised by 500 million in March.
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