Verizon forecasts upbeat annual profit as wireless subscriber growth hits six-year high

Black Friday

Jan 30 : Verizon forecast annual profit and free cash flow above market expectations on Friday, as aggressive promotions during peak holiday period helped the U.S. carrier post its highest quarterly wireless subscriber additions in six years. Shares of the company rose 4 per cent in premarket trading. In the fourth quarter, telecom operators often rely on device promotions and bundled plans to poach customers looking to switch carriers amid peak phone-buying during Black Friday and Cyber Monday

Tag-uri: Black Friday

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