Wall Street firm slashes expectations on carriers' Q4 customer growth [telecom]

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by Mike Dano

The combination of "rational" competition and shortages in the supply
of Apples new iPhone X will conspire to significantly reduce the
expected growth in wireless customer additions in the fourth quarter,
according to a new report from Wall Street investment firm Jefferies.

Specifically, the firm said it lowered its estimates for wireless
carriers' customer net additions by an overall 23% for the fourth
quarter. That breaks down to:

* Verizon: 685,000 postpaid customer additions in Q4, down from a
  previous estimate of 808,000.

* AT&T: 445,000 postpaid customer additions in Q4, down from a
  previous estimate of 568,000.

* T-Mobile: 1,060,000 postpaid customer additions in Q4, down from a
  previous estimate of 1,115,000.

* Sprint: 200,000 postpaid customer additions in Q4, down from a
  previous estimate of 365,000.

https://www.fiercewireless.com/wireless/wall-street-firm-slashes-expectations-carriers-q4-customer-growth

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

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