Verizon falls after telecom firm hit by prepaid subscriber exodus
Updates
** Shares of telecom firm Verizon Communications VZ.N fall 6.3% to $39.01
** Shares of rivals AT&TT.N, T-Mobile US TMUS.O, Charter CommunicationsCHTR.O and Comcast CMCSA.O down between 1.5% and 2.7%
** Verizon's consumer businesslost 624,000 wireless retail prepaid subscribers in Q2, with more than half of the losses coming from the end of the COVID-era Affordable Connectivity Program in May
** Co reports Q2 revenue of $32.8 bln vs estimate of $33.06 bln - LSEG data
** Posts Q2 adj EPS of $1.15, in line with estimates
** VZ says it added 148,000 net monthly bill-paying wireless phone subscribers in Q2, beating analysts' est of 127,870 additions, according to Visible Alpha
** Up to last close, stock up 10% this year
Reporting by Priyanka.G and Jaspreet Singh in Bengaluru
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