Deals
Verizon Subscriber Losses Highlight Need for M&A Exploration
- Carrier sheds 307,000 customers; misses sales, profit views
- Phone giant entertaining big mergers amid industry shift
Verizon's CEO Open to Deal Talks With Comcast, Disney
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Verizon Communications Inc.’s struggles worsened in the first quarter, as a decision to sell unlimited mobile data services came too late to stanch the worst subscriber loss in more than a decade.
The largest U.S. wireless carrier shed 307,000 customers in the period, dragging down sales and profit and sending shares sinking to their lowest price since November. The performance marks a dramatic reversal from the first quarter of last year, when Verizon added 640,000 users.