August 1, 2019 / 11:08 AM / 20 days ago

Verizon adds more-than-expected quarterly phone subscribers

Aug 1 (Reuters) - Verizon Communications Inc on Thursday beat second-quarter consensus estimates for additions of net new phone subscribers who pay a monthly bill, as it prepared for a wider rollout of 5G services in the United States.

The largest U.S. wireless carrier by subscribers said it added a net 245,000 phone subscribers during the quarter. Analysts were expecting it to add 163,000 subscribers, according to research firm FactSet.

Total operating revenue fell 0.4% to $32.1 billion. (Reporting by Arjun Panchadar in Bengaluru; Editing by Arun Koyyur)

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