Verizon Communications Inc. reported its strongest third-quarter performance in wireless customer additions in five years, adding a net 406,000 monthly phone lines. The company's shares were down 2.8% due to concerns about increased competition from SpaceX's forthcoming Starlink Mobile service. Bloomberg's John Butler joins to discuss. (Source: Bloomberg)
Verizon Communications Inc. reported its strongest third-quarter performance in wireless customer additions in five years, adding a net 406,000 monthly phone lines. The company's shares were down 2.8% due to concerns about increased competition from SpaceX's forthcoming Starlink Mobile service. Bloomberg's John Butler joins to discuss. (Source: Bloomberg)
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Verizon Communications Inc. reported its strongest third-quarter performance in wireless customer additions in five years, adding more than twice what analysts expected. But concerns about likely increased competition from SpaceX’s forthcoming Starlink Mobile service weighed on the shares.
