Verizon Communications Inc VZ.N , the No. 1 USA wireless carrier, reported a 20 percent fall in quarterly profit as it lost wireless postpaid subscribers despite the re-launch of unlimited data plans.
Verizon shares are down about 2% in premarket trading after the telco's Q1 earnings report showed surprisingly few wireless consumers were turned on by the recent revival, after five years, of its unlimited data offering.
Verizon's stock price has already been battered since it admitted in January that it would not be able to increase its revenue in 2017 over a year ago. A year ago during the same period, it added 640,000 subscribers. Verizon said it would have lost even more subscribers during the first three months of the year if it didn't launch its unlimited wireless service in February.
After scrapping 457 visa, Australia unveils tougher citizenship laws
Some of the new citizenship test questions would canvass issues such as domestic violence, genital mutilation and child marriage. The test changes, like the visa announcement, were welcomed by Hanson, who has long pushed for tougher immigration rules.
Verizon is struggling to fend off smaller rivals T-Mobile US Inc and Sprint Corp in a maturing market for USA wireless service.
Verizon shed new light on its surprise decision to offer an unlimited data plan in February after years of resisting: it was losing customers in droves.
Verizon Chairman and CEO Lowell McAdam said in a statement, "Our first-quarter results again demonstrated that customers value a high-quality network experience".
O'Reilly is out at Fox but influence endures; career too?
The O'Reilly Factor , for now, is simply " The Factor ", dropping O'Reilly's name from the show's branding. Maxine Waters (D-Calif.) says she's quite pleased Bill O'Reilly is out of Fox News.
At the end of first-quarter 2017, Verizon had 5.7 million Fios internet connections and 4.7 million Fios video connections, year-over-year increases of 3.3% and 0.1%, respectively.
Revenue: $30.487 billion, according to Reuters. That's down from $4.43 billion, or $ 1.06 per share, in the same period a year ago.
Elements of this story were generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research.
Charlotte Flair, Jinder Mahal earn title matches
Fantastic opening to the match with all the six superstars going all out with tandem offenses and that had the crowd buzzing. Randy Orton came out and congratulated Mahal, but said his prize won't be the WWE Championship, it will just be an RKO.