Verizon Wireless said its customer base reached 29.4 million by e...
Verizon Wireless said its customer base reached 29.4 million by end of 2001, nearly 10% increase from year earlier. Company released preliminary 4th quarter and 2001 results, with full figures set for release Jan. 31. In 4th quarter, carrier…
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added 715,000 customers. Customer turnover rates (churn) dropped to monthly average of 2.5%, Verizon said. Carrier said it invested more than $4 billion in its network in 2001, including 13% increase in cell site coverage, deployment of 2-way short-messaging service and conversion of 20% of network to 1XRTT version of CDMA.