Verizon squashes AT&T

[BAMAPHIN 22]

Helped by the iPhone, Verizon Wireless is pulling in more high-paying subscribers than it has in a year, and 15 times more than rival AT&T.

Verizon Communications Inc. on Thursday said it added 906,000 wireless subscribers on contract-based plans in the January to March period, more than double the number of a year ago.

The increase corresponds neatly with the half-million iPhones Verizon sold to new subscribers. Verizon started selling the iPhone on Feb. 10, ending AT&T's exclusive grip on the device in the U.S.

In total, Verizon said it had activated 2.2 million iPhones, with most of them going to customers upgrading from other Verizon phones.

Wall Street analysts had expected slightly more. Verizon shares fell $1.15, or 3.1 percent, to $36.63 in morning trading, retreating from a three-year high of $38.95 hit three weeks ago.

Verizon Chief Financial Officer Fran Shammo defended the iPhone sales performance on a conference call with analysts,

"We really weren't 100 percent out there with distribution until mid-March," he said.

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[PhinzN703]

Jesus uses Verizon too....so I hear.

[WeVie]

I figured it would happen. I bet a lot of iPhone lovers have or will switch to Verizon.

I have At&t but and my coverage if find but overall I think Verizon has the best coverage. At&t does not even have any 3G coverage in my home town. It's the edge network and it's like being on mobile dial-up. Not only that but At&t has a 2GB cap on there data pack and it's $25. That is total BS because 2GB is nothing these days. I have to stay off of you tube, pandora, or anything else that streams unless I am picking up wi-fi.

[LANGER72]

Verizon is too expensive IMHO. The solicitation calls are very bothersome.
I will be switching the Metro as soon as the contract is up in two months.