real-time news and commentary for investors
Thursday, Aug 16
2012, 6:20 PM
Verizon CFO Fran Shammo predicts his company will continue to see postpaid subscriber adds...
Verizon CFO Fran Shammo predicts his company will continue to see postpaid subscriber adds accelerate in Q3 and seasonally strong Q4 - Verizon Wireless (VZ, VOD) reported 880K postpaid net adds in Q2, well above a 660K consensus, and Q1's 501K. Shammo also claims Verizon has "found a niche" in the prepaid market with its $50/month Unleashed plans, though (in-line with Verizon's general strategy) the company doesn't plan on matching price cuts from PCS and LEAP. (earlier)