Verizon Adds Wireless Customers as Competitive Pressures Remain

WHO:

Bloomberg Markets - Verizon Communications Inc. reported its wireless customer additions.

Bloomberg Markets - SpaceX is developing the forthcoming Starlink Mobile service.

Bloomberg Markets - Bloomberg’s John Butler joined to discuss Verizon’s results and competition concerns.

Investor's Business Daily - Verizon and AT&T were named in connection with reported SpaceX plans to secure cell sites.

Investor's Business Daily - Crown Castle and American Tower were identified as tower companies whose shares rose.

WHAT:

Bloomberg Markets - Verizon added a net 406,000 monthly phone lines in the third quarter, its strongest third-quarter wireless customer additions in five years.

Bloomberg Markets - Verizon shares fell 2.8%.

Investor's Business Daily - Verizon’s earnings topped estimates, while its revenue was below estimates; wireless subscriber additions beat expectations.

Investor's Business Daily - SpaceX reportedly sought to secure at least 80,000 cell sites.

Investor's Business Daily - Crown Castle and American Tower shares rose following the report about SpaceX’s cell-site plans.

WHY:

Bloomberg Markets - Concerns about increased competition from SpaceX’s forthcoming Starlink Mobile service were cited in connection with Verizon shares falling.

Investor's Business Daily - The article linked the SpaceX cell-site report with gains in Crown Castle and American Tower shares and pressure on Verizon and AT&T.

WHEN:

Bloomberg Markets - Verizon’s customer-addition results were for the third quarter.

Investor's Business Daily - The article included a report dated “10/22/2026” about SpaceX seeking at least 80,000 cell sites.

WHERE:

Bloomberg Markets - The article did not specify a location.

HOW:

Bloomberg Markets - Verizon reported wireless customer additions as net monthly phone-line additions.

(UPDATED October 27, 2026 02:15 UTC)

Verizon added 406,000 net monthly phone lines in the third quarter, its strongest third-quarter wireless additions in five years, and its earnings beat estimates even as revenue fell short. Its shares dropped 2.8% amid concerns that SpaceX’s planned Starlink Mobile service could intensify competition, while SpaceX reportedly sought to secure at least 80,000 cell sites. Crown Castle and American Tower shares rose following the report, which also linked the cell-site plans to pressure on Verizon and AT&T.