As per reports, Verizon Communications, Inc. is offering free Apple and Android phones to customers who sign up for its unlimited plans on its faster 5G network.
The largest U.S. wireless carrier is now matching similar trade-in offers from AT&T Inc. and T-Mobile US Inc. in an effort to reverse recent subscriber losses. Verizon lost 178,000 phone customers in the first quarter. For the same period, AT&T added 595,000 mobile-phone subscribers and T-Mobile led with 773,000 new phone customers.
New Verizon customers opting for a premium 5G unlimited plan can qualify for as much as $1,000 in credit toward an Apple iPhone or $1,100 for the Samsung Galaxy S21. Its current customers are eligible for $700 toward an iPhone or $800 for an Android model if they choose a higher-priced unlimited plan.
“We are very much doing this from a position of strength,” Ronan Dunne, the head of Verizon’s consumer group, stated on Bloomberg Television. “
As the 5G race is intensifying up, the U.S. carriers have spent billions of dollars on airwave licenses and are building 5G wireless networks that can deliver speeds 10 times faster than current connections. Verizon was first to launch 5G, but its ultrafast connections ride on tricky millimeter waves that don’t travel far or pass through leaves and glass. Verizon offers nationwide 5G service, but its superfast 5G experience is available only in limited areas within 75 cities, 13 airports, more than 60 arenas.
Verizon Communications, Inc. (VZ) is a worldwide leader in delivering communications and technology solutions that improve the lives of its customers. To learn more about Verizon Communications, Inc. (VZ), and to track its progress please visit the Vista Partners Verizon Communications Inc. Coverage Page.
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