Verizon adds 650,000 phone subscribers in fourth quarter

Verizon adds 650,000 phone subscribers in fourth quarter

Verizon Communications Inc said on Tuesday it added 650,000 net new phone subscribers who pay a monthly bill in the fourth quarter.

The largest U.S. wireless carrier by subscribers added a total of 1.2 million retail postpaid customers, the company said at the Citi 2019 Global TMT West investor conference.

Shares of the company rose 2.5 percent to $58.16. Verizon is expected to report fourth-quarter results on Jan. 29.

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