Verizon to grow by 900K

Few AT&T customers that use the iPhone would argue that the network could use some improvements. Dropped calls and slow data connections are often the norm, yet AT&T boomed on the back of the iPhone. Many thought that AT&T would see that customers would speak with their wallets when iPhone exclusivity was lost and migrate to other carriers.

That mass migration has started according to TheStreet. AT&T's new subscribers on post-paid accounts for Q1 2011 are expected to drop massively and the decline is directly attributed to the iPhone 4 hitting Verizon. In 2010, AT&T averaged 538,250 new post-paid subscribers per quarter. Analyst John Hodulik from UBS had been calling for a net loss of subscribers to the tune of 100,000 for Q1. He revised that number to a net gain of a mere 50,000 subscribers with those attributed to the aggressive marketing and $49 price tag of the iPhone 3GS.

Those figures mean that AT&T's growth rate is down 90% in Q1 compared to last year's numbers. Verizon is expected to have added 900,000 post-paid subscribers in the same quarter. AT&T is also losing customers to cheaper carriers like MetroPCS, which is expected to add 500,000 prepaid customers in the quarter.

Perhaps the AT&T bid to purchase T-Mobile is the only way to minimize the losses it is experiencing. 

"I'm an Internet expert too. It's all right to wire the industrial zone only, but there are many problems if other regions of the North are wired." -- North Korean Supreme Commander Kim Jong-il
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