Heurist Finance

Verizon Q3 wireless adds hit five-year high; shares fall on SpaceX competition fears

Bloomberg ·
VZ
Verizon Q3 wireless adds hit five-year high; shares fall on SpaceX competition fears
  • Verizon reported its strongest third-quarter performance in wireless customer additions in five years, adding a net 406,000 monthly phone lines.
  • Verizon shares were down 2.8% on concerns about increased competition from SpaceX's forthcoming Starlink Mobile service.

Sources