Verizon adds more-than-expected phone subscribers in fourth quarter

[January 30, 2020]  (Reuters) - Verizon Communications Inc added more-than-expected mobile phone subscribers who pay a monthly bill in the fourth quarter, benefiting from offering a free, one-year subscription to Disney+ with some of its plans.

The Verizon logo is seen on the side of a truck in New York City, U.S., October 13, 2016. REUTERS/Brendan McDermid

The company said on Thursday it added 790,000 postpaid phone customers, above the average analysts' estimate of 525,000 subscribers, according to research firm FactSet.

Total operating revenue for the largest U.S. wireless carrier by subscribers was $34.78 billion in the quarter ended Dec. 31, up from $34.28 billion a year earlier.

(Reporting by Neha Malara in Bengaluru; Editing by Arun Koyyur)

[© 2020 Thomson Reuters. All rights reserved.]

Copyright 2020 Reuters. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.  Thompson Reuters is solely responsible for this content.