U.S.-based
Verizon Communications Inc.(NYSE:VZ) held on to its industry leader position in the
June quarter according to the latest figures for telecommunications companies.
Verizon's
wireless unit added about 1.2 million new subscribers of which about 0.88
million were on contract-based plans. That indicates an impressive showing in
an industry which has very little room for growth with virtually everyone
owning a cellphone.
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Verizon
Wireless, which has 94.2 million retail subscribers, saw its average monthly
fees from contract-subscribers rise 3.7 percent to $56.13, improving its profit
margins for the quarter.
AT&T
Inc.(NYSE:T), which reported a fall in smartphone sales in the quarter, said it
activated 5.1 million smartphones down from 5.5 million a year earlier. This
fall can be attributed to users holding onto their phones for a longer period
of time. During the quarter the company added 0.32 million mew subscribers on
contact-based plans, of which more than half were tablet users, who pay less
than users of smartphones.
Both
Verizon and AT&T saw a decline in activation of the iPhone, probably due to
customers preferring to wait for the next generation iPhone which is due to hit
the markets in mid-September.
Sprint
Nextel Corporation(NYSE:S) activated 1.5 million iPhones during the quarter, as
it lured subscribers with unlimited data services.
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Both
MetroPCS Communications Inc(NYSE:PCS) and Frontier Communications
Corp(NASDAQ:FTR) saw a decline in their subscriber-base.
Comcast
Corporation(NASDAQ:CMCSA) and Time Warner Inc.(NYSE:TWX) added 158,000 customers
and 45,000 residential phone customers respectively in the quarter.
U.S. Cellular Corp. lost 48,000 subscribers from
contract-based plans in the quarter, though it gained 20,000 contract-free
customers. The company ended the quarter with 5.8 million customers.
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