0858 ET - Verizon's consumer-side wireless unit is losing customers, and this is keeping investors on the sidelines. Scotiabank's Maher Yaghi notes in a report that retail postpaid phone net losses were 289,000, made up of 356,000 fewer consumer subs, but offset slightly by 67,000 growth in business subs. This is more than the decline of 114,000 a year ago, and Scotiabank's estimate of a 200,000 decline. Yaghi says the weaker results came from a combination of lower gross loading and higher churn. He says investors will likely stay on the sideline until the company shows a "material and sustainable improvement" in wireless post paid consumer subscriber growth. Shares are down 4.9% in premarket trading. (adriano.marchese@wsj.com)
(END) Dow Jones Newswires
April 22, 2025 08:58 ET (12:58 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。