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Verizon, AT&T margins squeezed in price battle
2014-12-09 21:15:50| Wireless - Topix.net
The flurry of promotions in the wireless industry are taking a toll on America's biggest phone companies - AT&T Inc. and Verizon Communications Inc. Verizon said Monday that fourth-quarter wireless margins will be hurt as phone discounts and price promotions led to a surge in new monthly subscribers. On Tuesday, AT&T Chief Financial Officer John Stephens said that rival promotions are luring away some customers and squeezing margins this quarter.
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Category:Telecommunications