More subscribers: Verizon Communications Inc added a net 1.5 million wireless retail postpaid, or monthly, subscriptions in the fourth quarter, above the analysts' average estimate of 1.42 million. — Reuters
Verizon Communications Inc on Jan 21 reported higher-than-expected revenue for the fourth quarter as heavy promotions helped it counter aggressive offers and discounts from rivals and win new users.
Shares of the No. 1 US wireless phone service provider, whose profit edged past analysts' estimates, rose 2.7% to US$45.63 (RM196.12) in morning trading.
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