Verizon Communications Inc

VZ: XNYS (USA)
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US Wireless Carriers: First-Quarter Competitive Intensity Looks Like a Small Bump in the Road

Verizon indicated at an investor conference that wireless competition has been more aggressive than usual thus far during the first quarter. Its shares slid 7%, giving back all the gains from a sharp rally over the prior week. AT&T and T-Mobile shares also dropped about 3%.

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