January 30, 2020 / 12:05 PM / 19 days ago

Verizon adds more-than-expected phone subscribers in fourth quarter

Jan 30 (Reuters) - Verizon Communications Inc added more-than-expected mobile phone subscribers who pay a monthly bill in the fourth quarter, benefiting from offering a free, one-year subscription to Disney+ with some of its plans.

The company said on Thursday it added 790,000 postpaid phone customers, above the average analysts’ estimate of 525,000 subscribers, according to research firm FactSet.

Total operating revenue for the largest U.S. wireless carrier by subscribers was $34.78 billion in the quarter ended Dec. 31, up from $34.28 billion a year earlier. (Reporting by Neha Malara in Bengaluru; Editing by Arun Koyyur)

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