Friday, 24 March, 2023

Inflation and higher prices affect Verizon's subscriber growth

<p>Verizon Communications Inc. lowered its yearly profit prediction after the American cellular provider added fewer monthly phone subscribers than anticipated in the second quarter. The carrier is currently dealing with fierce competition in the U.S. telecom business. The inflationary climate had a substantial influence on subscriber additions, according to Chief Executive Hans Vestberg.</p>