Verizon has introduced again its limitless knowledge plan. That is nice in case you’re a Verizon buyer. However it’s horrible information for its traders.
Verizon (VZ) inventory fell almost 1.5% in early buying and selling Monday. It is now down about 10% to date this yr, making it the Dow’s worst performer of 2017.
Verizon’s transfer is a transparent signal the corporate has to tug out all of the stops to stay aggressive with wi-fi rivals AT&T (T), Dash (S) and T-Cellular (TMUS).
“In latest months, each T-Cellular and Dash had some success taking further share from Verizon by advantage of their limitless choices,” wrote Morgan Stanley analysts in a report Monday morning.
Which will clarify why shares of T-Cellular and Dash, which is now managed by Japanese tech conglomerate SoftBank, are each up this yr whereas Verizon is down. T-Cellular and Dash have additionally been perennially linked as doable merger companions.
However the brand new telecom worth conflict is not the one downside for Verizon.
AT&T not too long ago…
