Verizon loses more-than-expected wireless subscribers By Reuters

© Reuters. The Verizon store in Superior

(Reuters) – Verizon Communications Inc (NYSE:) said on Wednesday it lost more wireless subscribers than expected during the first quarter as it faced intense competition from T-Mobile US (NASDAQ:) Inc and AT&T Inc (NYSE:).

The company lost 178,000 wireless phone subscribers in the first quarter, more than FactSet estimates for a loss of 121,700 subscribers.

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