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Verizon Loses Wireless Phone Customers


Verizon Communications Inc.’s core wireless business lost lucrative phone customers in the first quarter, as it offered fewer promotions and focused on upgrading to a faster 5G network.

The carrier said it lost a net 44,000 postpaid phone connections during the period, but continued to upgrade existing customers to pricier tiers of its unlimited data plans. Those postpaid phone losses were worse than some analysts expected and more severe than the same time last year, when it lost 24,000 postpaid phone connections.

Reported By The Wall Street Journal

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