close
close

Verizon ‘will not waste money’ to lure consumers with cheaper phones, CEO says

In a highly competitive market for wireless contracts, the CEO of Verizon Communications Inc. says the company is “not going to waste money” on promotions. The company recently started trading Apple Inc.’s AAPL. +0.96% Rival AT&T Inc. T, -0.36% and T-Mobile US Inc. TMUS, +3.04% Each offered up to $1,000 off one of their phones … Read more

AT&T CEO Says Wall Street Critics Are Wrong About Company Promotion

““We’re really getting customers in different places in different ways and there’s no one answer to that. And people keep coming back and wanting to say it’s a high level of promotion.” I know that, and that’s not really true.”“ — AT&T CEO John Stankey AT&T Chief Executive John Stankey hit back at criticism that … Read more