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)
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