Verizon Stock Sinks After Hours as SpaceX Eyes 80,000 US Cell Sites for Fourth Wireless Carrier Push
Verizon Communications shares fell 3.74% to $43.51 after hours as SpaceX’s reported cell site negotiations raised competition concerns.
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Why It Matters
SpaceX might start a new phone company using many cell sites. This makes people worried that Verizon will have tougher competition soon.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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