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Verizon lost 300,000 wireless customers last quarter

Ina Fried, author of Login

Elise Amendola / AP

Why did Verizon resume offering unlimited phone service after years of refusing to do so? It had to.

As part of its earnings report Thursday, Verizon said it lost 307,000 retail connections, including 289,000 phone subscribers. But, it said, it was on pace to lose almost 400,000 until it added an unlimited option in mid-February. That move allowed it to gain back more than 100,000 phone customers.

However, wireless revenue dropped 5 percent for the quarter as the company was able to take in less in "overage" charges.

Why it matters: The results show that Verizon, which has historically charged a premium for what it sees as the best network, is increasingly having to match its rivals' offers.

Go deeper

Nick Halter, author of Twin Cities
12 mins ago - Axios Twin Cities

Brooklyn Center mayor in the spotlight after Daunte Wright shooting

Mike Elliott has moved swiftly after the death of Daunte Wright. Photo: Kerem Yucel/AFP via Getty Images)

The killing of Daunte Wright by a Brooklyn Center, Minn., police officer has thrust Mayor Mike Elliott into the national spotlight.

The big picture: Elliott, with the backing of the city council, has acted quickly and boldly in the wake of the shooting. He fired longtime city manager Curt Boganey, took control of the police department and called for the firing of officer Kim Potter, who resigned on Tuesday.

Go deeper (1 min. read)Arrow
Kadia Goba, Sarah Mucha
2 hours ago - Politics & Policy

Exclusive: White House meeting with members of Problem Solvers Caucus

Members of the Problem Solvers Caucus discuss the COVID-19 relief bill in December. Photo: Oliver Contreras/Bloomberg via Getty Images

Top White House officials will meet Wednesday with a bipartisan coalition of House lawmakers as the administration tries to enlist moderates to support the president's infrastructure proposal.

Why it matters: The meeting is something of an olive branch after President Biden's team courted groups of progressives to back the $2.2 trillion package.

Go deeper (1 min. read)Arrow
Sam Baker
2 hours ago - Health

The new vaccine threat is fear itself

Illustration: Sarah Grillo/Axios

The FDA’s decision to pause the use of Johnson & Johnson's coronavirus vaccine has set off a chain reaction of fear — about the safety of the vaccine, and about whether the FDA is overreacting — that's causing unnecessary drama just as the vaccine effort is finally picking up speed.

The big picture: Throughout the pandemic, the public and the media, and sometimes even regulators, have struggled to keep risks in perspective — to acknowledge them without exaggerating them, and to avoid downplaying them because other people will exaggerate them.

Go deeper (2 min. read)Arrow