AT&T And Verizon Communications: A Near-Term Surprise And Long-Term Promise [telecom]

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By Roger S. Conrad

Many investors love to hate the two largest US telecom companies, AT&T
and Verizon Communications. But these behemoths beat expectations and
posted impressive subscriber additions in the second quarter, sparking
a sharp rally in their stock prices.

Verizon Communications gained 614,000 net wireless contracts, reducing
churn in the post-paid segment to 0.7 percent. Rolling out an un-
limited data plan to rival T-Mobile US' offering helped to reverse a
first-quarter decline in the company's wireless subscriber base.

Bill Horne
(Remove QRM from my email address to write to me directly)

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