Verizon adds 650,000 phone subscribers in fourth quarter

FAN Editor
The Verizon logo is seen on the side of a truck in New York
FILE PHOTO: The Verizon logo is seen on the side of a truck in New York City, U.S., October 13, 2016. REUTERS/Brendan McDermid

January 8, 2019

(Reuters) – Verizon Communications Inc said on Tuesday it added 650,000 net new phone subscribers who pay a monthly bill in the fourth quarter.

The largest U.S. wireless carrier by subscribers added a total of 1.2 million retail postpaid customers, the company said at the Citi 2019 Global TMT West investor conference.

Shares of the company rose 2.5 percent to $58.16. Verizon is expected to report fourth-quarter results on Jan. 29.

(Reporting by Akanksha Rana in Bengaluru; Editing by Arun Koyyur)

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