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Verizon: Economy not slowing us down
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Following a market-shattering announcement from AT&T CEO Randall Stephenson earlier this week telling attendees at a CitiGroup event that AT&T was beginning to see some "softness" in consumer market segments, Verizon chief operating officer Denny Strigl announced that his company wasn't seeing any economic softness in its markets. Strigl specified that its small business and enterprise business units were faring as expected, but he did note a slight uptick in the number of wireless subscribers who were "credit risks." Strigl said this was probably not attributable to a weak economy. Most of these customers were on prepaid plans, he noted.
For more on Strigl's comments:
- read this report from MarketWatch
Comments
Posted by David Traynor | January 11, 2008 - 3:49pm
How can prepaid customers NOT pay their bills - they don't get bills. A misquote or misleading info...?
Posted by Brian Dolan | January 11, 2008 - 4:09pm
UPDATED: You are correct, David. According to some reports (CNET) covering Strigl's talk--he notes that there has been an uptick in consumers not paying their bills. However, the more in-depth report from MarketWatch, the AP and others show he specifically pointed to an uptick in the number of mobile-phone customers who've become credit risks, most of whom subscribe to the carrier's prepaid services. So it was not a matter of not paying bills, just an increase in subscribers with credit issues. -BrianÂÂ
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