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Verizon reported first quarter financial results that were largely in line with analyst expectations, showing growth in income and revenue and relative stability in customer metrics.
During the first three months of the year, Verizon lost around 178,000 wireless postpaid phone customers. That s relatively close to what analysts had expected, but certainly not what investors had hoped for. But the company said its overall operating revenues increased 4% year over year, and its net income grew more than 25% year over year. The operator said sales picked up in March as COVID-19 restrictions lifted and shoppers returned to Verizon stores.
Verizon said that 14% of its consumer postpaid phone base now has access to 5G.
Here in 2021, things are much, much different.
Dish announced Monday it will acquire MVNO Republic Wireless which operates on the T-Mobile network and its 200,000 phone customers. It s Dish s third such acquisition, following its purchases of Boost Mobile and Ting, in roughly nine months. As we continue to grow our retail wireless business, Republic broadens our existing customer base and positions us to deliver even more value to the market, expanding our portfolio of mobile solutions to meet a variety of customer needs, explained Dish s John Swieringa in a release.
Republic was founded in 2011 with a Wi-Fi-first sales pitch to customers interested in reducing their monthly cell phone bill by shifting their cellular data traffic nearby Wi-Fi networks. Others have undertaken similar strategies, including Comcast, Charter, Google Fi, TextNow and Scratch Wireless.