Verizon adds 1.4M long-term wireless plans in 2Q

July 11, 2014

(AP)—Verizon says it added more than 1.4 million long-term wireless subscribers in the second quarter, with strong gains in both smartphones and tablets.

Verizon Communications Inc. CEO Lowell McAdam said Thursday that the company's wireless profit margins remain consistent with the past several quarters. Verizon is the nation's largest wireless carrier. The second-quarter gains cited are for retail post-paid plans, which are the lucrative ones offered to good-credit customers and include those on two-year service contracts.

The company plans to report its second-quarter earnings on July 22.

Shares of the New York-based company slid 13 cents in after-hours trading to $49.51. The stock had closed up 74 cents at $49.64.

Explore further: Verizon pulls in subscribers with iPhone; new CEO

Related Stories

AT&T earnings unchanged, but revenue grows in 1Q

April 22, 2014

AT&T says its first quarter earnings were unchanged from the first three months of last year, but revenue grew as the wireless business added more than 1 million subscribers.

Recommended for you

Inferring urban travel patterns from cellphone data

August 29, 2016

In making decisions about infrastructure development and resource allocation, city planners rely on models of how people move through their cities, on foot, in cars, and on public transportation. Those models are largely ...

How machine learning can help with voice disorders

August 29, 2016

There's no human instinct more basic than speech, and yet, for many people, talking can be taxing. 1 in 14 working-age Americans suffer from voice disorders that are often associated with abnormal vocal behaviors - some of ...

Auto, aerospace industries warm to 3D printing

August 25, 2016

New 3D printing technology unveiled this week sharply increases the size of objects that can be produced, offering new possibilities to remake manufacturing in the auto, aerospace and other major industries.

0 comments

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.