Verizon’s wireless glows, broadband hits wall

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Consumer groups have said the plans amount to a price hike, but analysts believe it’s a price cut, at least in the short term. On the conference call, the CFO said the new plan isn’t expected to cut into service revenues this year.

Verizon Communications owns 55 percent of Verizon Wireless. The rest of the profits flow to partner Vodafone Group PLC of Britain.

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