Growing adoption of the company’s myPlan has helped Verizon stay resilient in the competitive U.S. telecom market
added more wireless subscribers than expected in the third quarter as the U.S. telecom giant’s promotional offers and plans that bundle 5G with streaming services such as Netflix helped attract customers.
The company added 239,000 net monthly bill-paying wireless phone subscribers in the September quarter, compared with expectations of 218,100 additions, according to FactSet. It posted 148,000 additions for the June quarter. Verizon’s broadband net additions were 389,000 in the quarter, compared with 434,000 a year ago, bringing total broadband subscribers to more than 11.9 million.
Its fixed wireless service, which sends signals to a device in a home or business over airwaves, added 363,000 customers to hit a total of nearly 4.2 million, meeting its goal of 4 to 5 million subscribers more than a year ahead of schedule.
Company Verizon Quarter Revenue United States Netflix Broadband Additions Hulu Factset Verizon
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Verizon's flexible 5G plans lift wireless subscriber additions above estimatesGrowing adoption of the company's myPlan, a customizable offering that includes streaming perks such as Disney+, Hulu and Max for an extra cost, has helped...
Read more »
Calgary Quality of Life Report Reveals Growing Concerns Over Affordability and SafetyA new report from the Calgary Foundation paints a concerning picture of the city's quality of life, highlighting rising costs, housing challenges and safety concerns. The 2024 Quality of Life Report reveals that a growing number of Calgarians are struggling to make ends meet due to rising living expenses, particularly in areas like housing and food.
Read more »
Canada’s fastest growing payment card is saving people money in two waysThese five trends describe how people are doing their day-to-day spending
Read more »
Harry Potter Star Reveals She 'Doesn't Have Long Left To Live' Amidst Growing Health ConcernsHarry Potter star Miriam Margolyes says she 'doesn't have long left to live.'
Read more »
Woman faces frustrating, growing wait for surgery to reduce cancer riskAshley Ricks, 32, is frustrated that the wait for a preventative mastectomy has grown while she's been on the list. She was deemed high risk of developing breast cancer following based on genetic testing and her family and medical history.
Read more »
CEOs in Canada Are Growing More Worried About Growth, KPMG SaysChief executive officers in Canada are getting more concerned about the domestic economy, though most are still bullish on their own companies’ prospects over the next few years, according to a survey commissioned by KPMG.
Read more »