Verizon in position for subscriber growth now after its massive Q1 losses


Deutsche Bank Securities analyst Matthew Niknam claims Verizon is well-placed for growth after incurring massive postpaid subscriber losses of nearly 300,000 in the first quarter of 2017. The carrier saved itself from additional losses by adding unlimited plans in the middle of February, catching up with T-Mobile and Sprint.

According to Niknam, Verizon can add as many as 125,000 postpaid subscribers in its second business quarter if its keeps its "concerted effort to retain and grow share with an increasing focus on unlimited." Moreover, the carrier claims unlimited data won't result in less monthly revenue per user.

Although its plans are probably the most expensive on the market, Big Red is confident customers are willing to pay to enjoy its network speeds and coverage. In CFO Matt Ellis' own words, "We’re still (charging a) premium price and we launched in a disciplined fashion a premium to where the market is because we have the premium network. So we like where we’re performing today.” Smug!

Do you agree Verizon's services are worth the premium price? Tell us what you think in the comments below.

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source: Fierce Wireless

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15 Comments

1. tuminatr

Posts: 1124; Member since: Feb 23, 2009

Well thats a tough question the answer is maybe. It depends on where you live and where you go.I believe most people pick their cell carrier first it needs to work at their home 2nd it needs to work where I go. If you Live in an major city and coverage from t-mobile or sprint work for you then maybe its not worth it. If you travel a lot and to small cities Verizon is probably a very good choice. For instance my middle sister lives in New York and in Manhattan she says the coverage with t-mobile is good but where her apartment is in Marble Hill the coverage is much better with Verizon. My little sister lives in Litchfield,MN she tells me coverage with Verizon is much better in her area but T-mobile is tolerable. My older sister Lives in South St Paul,MN and has Sprint coverage at her home is best with them better than T-mobile or Verizon. I have Verizon but travel the 12 state area around Minneapolis and for this area Verizon is the only choice that works well everywhere i go.

3. technitude

Posts: 263; Member since: Dec 19, 2013

I think Verizon still has some work to do to regain trust. If they are even trying in that area. All I want is for my bill to be consistent every month. I'll wait for people to tell me when that happens.

6. joeytaylor

Posts: 957; Member since: Feb 28, 2015

My bill is consistently the same every month on Verizon ..... and has been so for years

9. threed61

Posts: 259; Member since: May 27, 2011

Mine too. Never a complaint with service, only prices.

16. skymitch89

Posts: 1452; Member since: Nov 05, 2010

Other than when I make changes to my plan or upgrade my device, my bill has been fairly consistent since I joined Verizon 2.5yrs ago.

18. tuminatr

Posts: 1124; Member since: Feb 23, 2009

I have had a consistent bill same plan for 7 years, no surprises

5. robwilk

Posts: 2; Member since: May 20, 2017

Okay, i kinda skimmed the article, but what does "in a position for growth" mean? Does that mean basically they are rock bottom right now and can't get any lower?

10. razmahtaz001

Posts: 501; Member since: May 11, 2013

same here...i was thinking not so much the growth, but the recovery.

7. TechieXP1969

Posts: 14967; Member since: Sep 25, 2013

Keep losing!

11. skokie8bali

Posts: 7; Member since: Sep 24, 2015

Guy's i belive that big red is just like apple they think that they are the best so they can charge what ever they want, and that's ok because anyone can do what ever they want if that's what they want. im just saying if people like me and others did'nt leave big red and took the pain for a while so that other networks can make some money and catch up then big red would never have had unlimited anything. just my thoughts.

15. jlatitu

Posts: 2; Member since: Jan 19, 2015

You are 100 % right, i was with verizon for three years paying $120 and switch to tmobile 5 years ago I am saving $50 every month and having miss anything.

19. tuminatr

Posts: 1124; Member since: Feb 23, 2009

I think the carrier with the most cult like following is T-Mobile

13. jbreault

Posts: 36; Member since: Mar 04, 2012

I left Verizon 3 years ago and never looked back they never took care of me like t-mobile did and i was a Verizon customer for 10 years they are all about f@@#$$%^ you so don't think they got your back.

14. Hogglegg44

Posts: 1; Member since: May 21, 2017

I don't mind paying a premium for premium service. As long as they don't fall short of that, we will continue to be customers. I have been disappointed with other carriers who claim to be just as good. They are not.

17. skymitch89

Posts: 1452; Member since: Nov 05, 2010

I'm with Verizon or the "long haul". I'm on their "singles" plan that offers 5GB of data for a single line. In total, my bill is just over $87 per month, and that includes taxes, fees, and device payment for my S7.

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