:: Related Links
:: Cool Sites


Posted by admin on Apr 20, 2017

BGR NewsIn the first six weeks of 2017, Verizon Wireless lost 398,000 on-contract wireless customers. Considering that analysts expected Verizon to add nearly 250,000 customers in the first quarter, that's dire. It's only thanks to Verizon's launch of unlimited plans that the bloodshed isn't worse. In the weeks after Verizon launched an unlimited plan, it stopped losing customers and actually gained 109,000 subscribers, bringing the net loss of customers in the first quarter to 289,000. The obvious thing to blame for Verizon's plummeting numbers is the recent wave of competition being driven by T-Mobile. The cheap unlimited T-Mobile One plan that it rolled out last year has seen T-Mobile poach customers from the other three big mobile carriers. Growth of postpaid customers (those who get billed every month, the bread-and-butter of the mobile industry) has stagnated at every carrier apart from T-Mobile in recent months. The most telling number in Verizon's earnings report is the level of "churn," which measures turnover in customers. A higher level of churn indicates more customers hopping between different carriers, which is normally indicative of a highly competitive environment. Verizon's churn increased from 1.03 to 1.15 percent of all customers in the first quarter, a strong sign that the race-to-the-bottom between the carriers is starting to see results. The good news for Verizon is that since it introduced unlimited data plans, it's started adding customers again. Long-term, the shift to unlimited is likely to hurt Verizon's profits, as it's simply less profitable to sell an unlimited data plan for $80 than it is to sell 10GB of data for $140. But for the people who actually buy wireless plans, Verizon's earnings today are a round of good news.


Related News

Recent News

• Zimbabwe's President Robert Mugabe Resigns (Nov 22, 2017)

• Roy Moore And The Dangerous Rise Of Christian Nationalism (Nov 22, 2017)

• Apologizing For Predatory Behavior Requires More Than Saying 'I'm Sorry' (Nov 22, 2017)

• 102-year-old Holocaust survivor who thought his entire family died meets nephew he didn't know existed (Nov 22, 2017)

• Trump Moving Stealthily to Privatize the VA (Nov 22, 2017)

• U.S. airman killed in Texas plane crash (Nov 22, 2017)

• 19 Crazy Delicious Ways To Roast Sweet Potatoes (Nov 22, 2017)

• Off-Duty Officer Fatally Shoots Robbers While Holding His Baby (Nov 22, 2017)

• Fox News Should Shut the Hell Up About NASA Faking the Moon Landing (Nov 22, 2017)

• Allegations Against Al Franken Could Cost Democrats A Progressive Fighter In The Senate (Nov 22, 2017)

• Trump says he’s declaring North Korea a terrorism sponsor (Nov 22, 2017)

• A Timeline Of Charles Manson’s Path To Infamy (Nov 22, 2017)

• Whitefish Shuts Down Operations In Puerto Rico, Claims It's Owed $83 Million (Nov 22, 2017)

• Turkish lira hits record low against dollar (Nov 22, 2017)

• American Mother Held Hostage by Taliban Details 'Intolerable' Situation for Her Children (Nov 22, 2017)

• The Latest: Another Conyers' ex-staffer alleges harassment (Nov 22, 2017)

• Footage shows African migrants being sold as slaves at auction for as little as £300 each (Nov 22, 2017)

• U.S. threatens to sue Harvard over admissions policies (Nov 22, 2017)

• "I remember feeling really scared that he could be around any corner, because we weren’t sure exactly where he was." (Nov 22, 2017)

• Mueller Turns Eyes to DoJ, Asks for Documents (Nov 22, 2017)

• Watch This High Schooler Demand Answers From Her Congressman On DACA (Nov 22, 2017)

• Ohio Man Threatened Historical Mass Shooting At Las Vegas Casino (Nov 22, 2017)

• US strike in Somalia kills more than 100 Shabaab fighters (Nov 22, 2017)

• Evangelical Christian leader 'helped cover up alleged sexual assault by anti-LGBT politician' (Nov 22, 2017)

• U.S. warns citizens against risks of travel to Saudi Arabia (Nov 22, 2017)


:: Search
:: Sponsored Links