Verizon Wireless is owned by Verizon Communications (Market Cap $83.98 BILLION) and Vodafone (Market Cap $101.56 BILLION). They have over 80 MILLION customers. They also have the Lowest Churn-Rate, with the Highest ARPU. Not to mention Verizon Wireless has been adding over a Million customers every financial quarter for years now and they are worried about money? I think when a company like Verizon Wireless gets to the Greed-Saturation-Point, they are willing to do pretty much anything to bleed just a little bit more money from their customers; customers who are already stretched to their financial limits. Verizon's Board Members are just so out of touch with reality, that they can only see good coming from changing things like this. Where would it all stop? It doesn't take much to go from being the Top-Performer, to being a D-List company. So if Verizon keeps changing what made customers switch to them in the first place, there won't be a Verizon Wireless in 5 years. They will default into a dead company that is either sold-off for parts, or sold for next-to-nothing to some foreign company. Because once Verizon loses their Market Image of being Customer Friendly, they won't be able to get that back.
If Verizon was in trouble, then I can see changing things up, but their NOT. They just love Greed and want more cash for their investors.
If Verizon was in trouble, then I can see changing things up, but their NOT. They just love Greed and want more cash for their investors.