Verizon Wireless added 1.1 million net retail connections in the quarter, including 927,000 net retail postpaid connections. However, those results were below some analyst expectations--and New Street Research analyst Jonathan Chaplin warned that Verizon's sluggish third quarter results could be attributed to increased competition from the newly recharged T-Mobile US.
AT&T Mobility confirmed it will make all of its new customers sign up for its Mobile Share shared data plans, in effect doing away with its traditional voice and data plans.
The device upgrade plans recently introduced by T-Mobile US, AT&T Mobility and Verizon Wireless could help spike the carriers' margins, according to a new research report, but that margin boost may be eroded by intensifying competition.
U.S. Cellular's forthcoming shared data plans will largely look similar to plans offered by larger carriers such as Verizon Wireless and AT&T Mobility, according to an Engadget report.
Verizon Wireless followed competitor AT&T Mobility in offering a lower-cost option on its shared data plans, though the new offering is more expensive per month than AT&T's cheapest shared data plan.
AT&T Mobility is offering less expensive options in its Mobile Share shared data plans in an effort to boost adoption of the plans.
The shared data plans instituted last year by Verizon Wireless and AT&T Mobility have performed well for the carriers and will continue to gain steam in terms of adoption in the months ahead, according to new research from Chetan Sharma Consulting.
Verizon Wireless has fully one-third of its postpaid subscriber base on its Share Everything plans less than a year after launching the plans, according to Verizon Communications CFO Fran Shammo.
Verizon Wireless CEO Dan Mead said the carrier will deploy Voice over LTE technology in early 2014, and promised that the carrier will not deliver a poor experience in terms of voice quality when it does so.
Verizon Wireless reported a record-high profit margin in the first quarter of 2013 as it continued to benefit from its Share Everything shared data plans, which were introduced last June. The carrier said that its average revenue per account grew steadily, as it has in the past several quarters. Verizon said that 30 percent of its retail postpaid customers are now on its shared data plans.