×
Newsmax TV & Webwww.newsmax.comFREE - In Google Play
VIEW
×
Newsmax TV & Webwww.newsmax.comFREE - On the App Store
VIEW
Tags: Verizon | Subscribers | Latest | Quarter

Verizon Adds 1.4 Million Subscribers in Latest Quarter

Thursday, 10 July 2014 04:13 PM

Verizon Communications Inc. added 1.4 million contract subscribers in the second quarter, Chief Executive Officer Lowell McAdam said.

“We think this is going to be a great quarter for us,” McAdam said in an interview on CNBC from the Allen & Co. conference in Sun Valley, Idaho. He was referring to the period that ended in June. “We had record tablet growth, we had very good churn and we delivered margins that were consistent with the last several quarters.”

The subscriber gain exceeds the 900,000 estimate of John Hodulik, an analyst at UBS AG.

Verizon, the largest U.S. mobile-phone company, is working to keep customers from defecting to competitors such as T-Mobile US Inc., which is dangling offers such as free music streaming. New York-based Verizon had a net loss of phone customers for the first time in the first quarter, though tablet sales helped boost overall wireless subscriptions by 539,000 in the period that ended in March.

Verizon shares gained 1.5 percent to $49.64 in New York Thursday, according to preliminary closing figures. The stock had dropped less than 1 percent this year through Wednesday.

© Copyright 2022 Bloomberg News. All rights reserved.


Companies
Verizon Communications Inc. added 1.4 million contract subscribers in the second quarter, Chief Executive Officer Lowell McAdam said.
Verizon, Subscribers, Latest, Quarter
186
2014-13-10
Thursday, 10 July 2014 04:13 PM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
Get Newsmax Text Alerts
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved