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CLAIM #62414 · VZ (VZ) · 2024Q3 earnings call · Oct 22, 2024 · due Dec 31, 2024

We will be postpaid phone net add positive with second number, without second number, this year as well as promised in our plan to do that.

Sowmyanarayan Sampath · EVP & CEO Consumer

PENDING
graded after results covering Dec 31, 2024 are reported

In context

ok, in mobility, we are number one. If we look at our share position, our total revenue. And it starts with our postpaid business. We are seeing continued momentum in our postpaid business. With this quarter, we would have had seven quarters of consecutive year-on-year postpaid phone gross ad momentum that we have in the business. And why did that happen? Some of it has to do with our sales engine that we've gone and reengineered, get back to the local market structure, local sales incentives, local marketing. And the second is myPlan. myPlan, as I say, is on plan. Customers love it. They like the structure of it, they like the ability to get access to unique offerings and it's truly differentiated in the market. And you saw us, we had a strong quarter, 81,000 phone net adds in the space. We will be postpaid phone net add positive with second number, without second number, this year as well as promised in our plan to do that. Next, we turn our attention to our value business or prepaid. And we bought TracFone, we've integrated TracFone and we had really strong momentum in our business. We had 80,000 net add positive in our business, the best in many quarters, and a lot of that comes down to a core performance of our brands. We saw almost all our brands have very strong performance and momentum in this space. Two, our exclusive distribution with total wireless has scaled up really well, and you can see those stores everywhere. And third is our unique distribution position that we have within Walmart. And you're going to see continued progress and continued momentum in our value business going forward. That brings me to our third topic, which is churn. Now that we have our postpaid engine working well, our value

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SEC filings for VZ · Claim quote is verbatim from the 2024Q3 earnings call.