Verizon Predicts Soft Subscribers Growth
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Verizon warns of 'soft' subscriber growth on strong competition, shares fall
79% Informative
Verizon warns first-quarter subscriber growth will likely be "soft" as rival carriers attract customers with promotions.
Shares of Verizon rival AT&T were down 4.5% as it also said it saw elevated subscriber churn in January .
Verizon has also seen "a slow start" to phone upgrades in the first quarter , a sign that customers are continuing to hold back on purchases amid growing worries about the economy.