Verizon Is Hurting, And Now It Has Another Problem

7/10/17

It comes as a surprise to no one that the wireless wars are continuing, with cash-burning promotions in the fiercely competitive sector proceeding apace. In the past however, these battles have always bloodied all the combatants more or less equally. Promotions from one carrier tended to cause defections from all three of the others, more or less proportionately. Now, however, promotional activity is increasingly concentrated, threatening one specific carrier, Verizon (VZ), in particular.

Latest Round Of Deals

T-Mobile (TMUS) will now pay off phone lease costs on competitor plans without requiring a trade-in. You walk into a T-Mobile store, pop a new T-Mobile SIM card into your phone, and you’re done. No data transfers, no phone trade-ins, nothing. And even though you keep the phone, T-Mobile will still clear any remaining equipment balance at the Big Red carrier.

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