Verizon’s New CEO Sets Aggressive Strategy to Gain Subscribers

Verizon Communications Inc., the US’s largest mobile-service provider, reported a loss in wireless phone subscribers in the third quarter as a new chief executive officer laid out an aggressive growth strategy to reclaim market share.

Dan Schulman, a former CEO of PayPal Holdings Inc., was appointed just a few weeks ago to replace Hans Vestberg after two consecutive quarters of subscriber declines and a stock performance that has lagged Verizon’s two main rivals.