Verizon loses 68,000 wi-fi subscribers as coronavirus takes toll

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FILE PHOTO: The Verizon emblem is seen on the facet of a truck in New York Metropolis, U.S., October 13, 2016. Information/Brendan McDermid

(Information) – Verizon Communications Inc (VZ.N) misplaced 68,000 telephone subscribers who pay a month-to-month invoice within the first quarter, as folks stayed indoors as a result of lockdowns to halt the unfold of the coronavirus.

Analysts had anticipated it to achieve 100 subscribers within the quarter ended March 31.

Complete working income for the wi-fi service fell 1.6% to $31.6 billion from a yr earlier.

Reporting by Supantha Mukherjee in Bengaluru; Enhancing by Anil D’Silva