Verizon’s new plan: Consumers win, investors lose | CNN Money


Verizon has brought back its unlimited data plan. That’s great if you’re a Verizon customer. But it is terrible news for its investors.

Verizon (VZ, Tech30) stock fell nearly 1.5% in early trading Monday. It’s now down about 10% so far this year, making it the Dow’s worst performer of 2017.

Verizon’s move is a clear sign the company has to pull out all the stops to remain competitive with wireless rivals AT&T (T, Tech30), Sprint (S) and T-Mobile (TMUS).

“In recent months, both T-Mobile and Sprint had some success taking additional share from Verizon by virtue of their unlimited offerings,” wrote Morgan Stanley analysts in a report Monday morning.

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