Verizon Wireless Profit Under Threat as Price War Escalates
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Verizon Communications Inc., owner of the biggest U.S. wireless network, said it’s studying how to respond to intensifying price competition, potentially leading to moves that may reduce its profit margins.
After reporting a fourth-quarter wireless margin of 47 percent -- up 5.6 percentage points from a year earlier -- Verizon executives said today they may make adjustments to contend with the no-contract plans, lower roaming fees and other discounts offered by rivals such as T-Mobile US Inc.