FILE PHOTO: A Verizon logo is seen on a van in Manhattan, New York City, U.S., November 22, 2021. REUTERS/Andrew Kelly/File Photo
(Reuters) -Verizon Communications Inc forecast annual profit below expectations on Tuesday, as the pandemic-led boom in wireless customer growth fizzles out and the company makes heavy investments in 5G technology.
Verizon, once an industry leader in postpaid customers, lost subscribers last year to its fast-growing rivals AT&T Inc and T-Mobile that offered more affordable plans or had better 5G networks.
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