Verizon Adds 2 Million Subscribers

Verizon Wireless posted the biggest quarter for a wireless carrier ever in the three months ending June 30, adding a staggering 1.9 million new subscribers. The company appears to be making a run at market-leader Cingular, which counts a total of 51.4 million subscribers as of the end of last quarter.

Analysts say at the core of Verizon's growth is its low churn, which means the company is losing customers at a very slow rate. Also, Verizon lowered prices on prepay and family plans, and on some data plans. The company has led in subscriber growth in eight of the last nine quarters, with T-Mobile USA being the only other company in two years to best Verizon's numbers. As of June 30, Verizon had 47.3 million subscribers.