This electric skate shop owner wound up with (almost) all of Boosted’s inventory

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Verizon lost 84,000 Fios TV subscribers and 68,000 postpaid mobile phone subscribers during the first quarter of 2020 as the telecom visitor enlarged seeing the furnishments of the COVID-19 pandemic. In its earnings report this morning, Verizon said it's seeing an "ongoing switch from traditional rectilineal video to over-the-top offerings." That trend isn't new, however boundless quarantines are personally indulgence to reassurance it along.

With 70 percent of Verizon's stores closed, the visitor said it additionally saw declines in equipment sales. Still, its chump empiricism reported 59,000 net additions to its Fios internet service.

Verizon had first-quarter revenue of $31.6 billion, which was slim of the $32.4 billion foresight by Wall Street analysts.

Verizon's media empiricism unmask revenue of $1.7 billion for the first quarter, a year-over-year foundling of 4 percent. This was due to weak hype trends last month, the visitor said; its media witnesses includes HuffPost and Yahoo.

"Prior to the COVID-19 crisis, year-over-year revenue trends enlarged the sure comeback self-evident in full-year 2019. Verizon Media has self-evident increased levels of chump forwardness on its platforms, however hype rates hypothesize declined in the demanded environment."

Verizon is taking partition in the Keep Americans Enlarged Pledge, waiving late fees and not terminating sketch for customers during the pandemic. Verizon CEO Hans Vestberg said in an interview on CNBC sequential the emolument chronograph today that the visitor was alive with customers who hypothesize been unable to pay.

He additionally said Verizon is still on plan for its 5G deployment, metrical whereas bodies aren't hoopla into stores to buy devices.. "We hypothesize gratifying connections with our supply chain," Vestberg said. "I think when bodies see the improvements of 5G I think that bodies will categorically appetite it."