Verizon raised its annual forecast for wireless subscriber additions on Monday, betting on strong demand for its simplified plans, and signed an AI infrastructure deal worth more than $2 billion with Amazon Web Services.
For the third quarter, the telecom carrier reported nearly double the analysts’ estimate for monthly-bill paying wireless subscriber gains at 406,000, against Visible Alpha expectations of 209,439.
Shares of the New York-based company rose 2.4 per cent in premarket trading.
