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Print 12 comment(s) - last by fhornmikey.. on Apr 22 at 3:10 PM

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. 



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By Targon on 4/21/2011 4:55:24 AM , Rating: 2
This goes to show that while Verizon may offer better quality service in many areas, Verizon has such horrible customer service and sleezy business practices that many people will avoid Verizon. I don't need to check my AT&T cell phone bill each month for strange fees, but with Verizon, you need to check each month that there wasn't some sort of "mistake" that adds a $10/month service you never asked for.


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