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