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Verizon Wireless had a net gain of 1.3 million retail subscribers and customer growth accelerated from the first and second quarters. Also, Verizon is taking customers from rival carriers like Sprint PCS and Cingular. Therefore, Verizon needs to focus most of its attention to the wireless affiliate because that's what is giving Verizon a competitive advantage.
Last month, Verizon cut its earnings forecast for the year, as well as expenses associated with a new labor contract and heady growth in the wireless business (p.B7). Verizon will have to create something new for the phone company and to do so they might have to increase the expenses a little to be more technologically advanced...
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