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0 0 0.000358680057388738 0.000717360114777603 0.000358680057388738 -0.000177546628407493 0.000538020086083107 0.000538020086083107
Stock impact report

Verizon drops US$10 fee for 5G amid spotty service complaints [Business News Network (BNN) Energy & Resources (Canada)]

Verizon Communications Inc. (VZ) 
Last verizon communications inc. earnings: 4/24 07:30 am Check Earnings Report
US:NYSE Investor Relations: verizon.com/about/investors
Verizon drops US$10 fee for 5G amid spotty service complaints It was a sweet victory while it lasted. On April 3, Verizon Communications Inc. ( VZ.N ) earned bragging rights as the first U.S. company to offer speedy new 5G service for mobile phones. The carrier even tacked on a US$10 charge for the exclusive service. But consumers who tried the service, including Wall Street analysts, found that while it was blazing fast, the limited coverage area was a drawback for people on the move. On Thursday, Verizon said it won’t charge new phone customers the US$10 fee, even as it expands 5G mobile service to the next 20 cities. George Koroneos, a Verizon spokesman, said the levy is being waived for a limited time as part of the promotion, and that it has nothing to do with any service issues. The flap shows carriers will have to tread carefully as they build and promote their most advanced networks. Both Verizon and AT&T Inc. ( T.N ) are using so-called high-frequency millimeter-band airwaves Show less Read more
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