Verizon Communications Inc.’s wireless and broadband businesses stabilized in the third quarter despite the lasting effects of the coronavirus pandemic, allowing the company to upgrade its profit target for the year.
Consumers have changed phone plans less frequently in the past nine months compared with the prior year, but industry analysts expect competition will heat up in the final months of the year following the release of Apple Inc.’s newest iPhone 12 models, which go on sale in waves starting Friday.
The…
