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Verizon Wireless Maintains Lowest Churn Rate
11/08/2008
Four years and counting. New data shows Verizon Wireless had the lowest churn rate among the nation’s wireless carriers in the third quarter ─ the 16th consecutive quarter it’s held that bragging right. The churn rate represents the percentage of customers who leave their carrier in a month and is an important measure of customer loyalty. Third quarter financial performance announcements ─ the latest was released Friday ─ showed Verizon’s churn rate was only slightly more than 1 percent.
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