Verizon reports better-than-expected subscriber growth

Bradley Prior

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Verizon reports better-than-expected subscriber growth

Verizon Communications Inc. exceeded Wall Street estimates for profit and subscriber growth in the second quarter, easing investor concerns as the company begins the costly process of launching 5G wireless services.

Total wireless subscribers rose by 451,000, which includes 245,000 new phone customers. [Bloomberg]
 
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