Verizon Revenue Climbs on Sturdy Mobile Growth
By REUTERS JAN. 21, 2014
NEW YORK - Verizon Communications Inc reported faster subscriber growth and stronger profits than expected at its Verizon Wireless venture with Vodafone Group Plc, easing some concerns about intensifying competition if only temporarily.
Investors are worried market leader Verizon Wireless, which is paying $130 billion for Vodafone's 45 percent share in their venture, will cut prices as discounts from No. 4 U.S. mobile service T-Mobile U.S. have drawn responses from No. 2 service AT&T Inc and No. 3 ranked Sprint Corp.
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