Verizon Adds 406,000 Phone Lines in Strong Quarter, but Shares Fall 2.8% on Competition Fears

Summary

Verizon Communications Inc. reported its strongest third-quarter performance in wireless customer additions in five years, adding a net 406,000 monthly phone lines. Despite the gain, the company's shares were down 2.8% on concerns about increased competition from SpaceX's forthcoming Starlink Mobile service. Bloomberg's John Butler discussed the results and the competitive outlook in a video report.

Timeline

1. Bloomberg

   26 Oct 2026, 16:32 UTCSource ↗

   Bloomberg reports that Verizon posted its strongest third-quarter wireless customer additions in five years, adding a net 406,000 monthly phone lines, while its shares fell 2.8% on concerns about SpaceX's forthcoming Starlink Mobile service.