Verizon Expects Service Cancellations [telecom]

Verizon Expects Increase in Service Cancellations in First Quarter

Major wireless-phone carriers made far more price moves in 2014 compared with the year before

By THOMAS GRYTA

Verizon Communications Inc. said its wireless-service cancellations will again be elevated from a year earlier in the first quarter, amid what has been a more competitive market for subscribers.

The price war among the U.S. carriers has "calmed a bit," but moves from rivals could change that, Chief Financial Officer Fran Shammo said at an investor conference Tuesday. In 2014, the major carriers made more than 90 price moves compared with about 20 the year before, Mr. Shammo said.

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