Verizon experiences sturdy buyer loyalty and wireless win additions in 4Q 2018 – Verizon Communications

LAS VEGAS – Verizon Communications Inc. (NYSE, Nasdaq: VZ) has entered 2019 with mountainous momentum following an spectacular enact in fourth-quarter 2018, in step with feedback made this day by Ronan Dunne, govt vp and head of Verizon Wi-fi.

Talking on the Citi 2019 Global TMT West investor convention right here, Dunne said that Verizon Wi-fi posted 1.2 million retail postpaid win additions in fourth-quarter 2018, of which approximately 650,000 were phone win additions. He said retail postpaid phone churn turned into as soon as 0.82 p.c in the fourth quarter, indicating continued sturdy buyer loyalty.

“In a extremely competitive wireless market, our connections advise and churn rates mark that customers are drawn to our network superiority and reliability, as effectively as our unprecedented product choices,” Dunne said. “We enter 2019 pondering the probabilities that 5G will reveal, and confident that customers will salvage pleasure from one of the best merchandise, on one of the best plans, on one of the best network.”

Verizon will file fourth-quarter and entire-year 2018 earnings on Tuesday, Jan. 29.

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