Verizon Revenue Drops as Coronavirus Slows Phone Shopping

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Verizon Communications Inc. continued to add cellphone customers as the coronavirus raged in the spring, though quarterly revenue declined in its core wireless business and its online advertising unit.

The largest U.S. cellphone carrier by subscribers on Friday reported a net gain of 173,000 postpaid phone connections during the three months through June. The figure included past-due accounts that were still in service in the quarter under a commitment by providers to grant leeway during the pandemic.



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