Verizon shrugs off loss of customers who left the carrier during the first quarter
Sprint and T-Mobile have been gunning for Verizon's postpaid customers with a variety of deals. Sprint has been heavily promoting a plan that cuts Verizon customers' monthly bills in half while offering the same amount of data each month. And T-Mobile has been running television commercials that are targeted to Verizon subscribers.
For the first calendar quarter, Verizon added 565,000 customers thanks to a slew of new tablet accounts that more than made up for the loss in phone users. Wall Street was expecting the carrier to add 612,000 new subscribers during the period.
source: Bloomberg, WSJ