Verizon Stock Slides as Company Sees ‘Challenging’ Quarter
- Competition among the big three telecom companiees is fierce
- AT&T shares also fall after CFO sees slower growth this year
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Shares of Verizon Communications Inc. dropped the most since 2023 on Tuesday after the company gave a muted outlook for growth in mobile-phone subscribers in the current quarter.
Competition among the big three telecommunications companies is intense as Verizon, AT&T Inc. and T-Mobile US Inc. all seek to woo customers away from their rivals with more perks and lower prices.