Seeking Alpha

Verizon CEO: 1.4M postpaid subs added in Q2

  • The remarks from Verizon (VZ +1.3%) CEO Lowell McAdam (made during a CNBC talk) indicate Verizon's postpaid adds rose dramatically in Q2 from a disappointing Q1 level of 539K, and were also up from the 941K delivered in Q2 2013.
  • Shares have caught a bid on the comments, which come ahead of Big Red's July 22 Q2 report. The postpaid figure vindicates (for now) Verizon's decision to stick to a premium pricing strategy (unlike AT&T/Sprint) in response to T-Mobile's aggressive promotions. The carrier has been counting on its network/coverage edge to keep high-ARPU postpaid subs loyal.
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Comments (1)
  • AZWhiteMt
    , contributor
    Comments (45) | Send Message
     
    VZ, is there a recommendation of Buy, Sell or Hold?
    10 Jul 2014, 05:21 PM Reply Like
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