Verizon Reports Drop in Prepaid Subscribers After ACP Sunset

The company also saw fewer new fiber customers, but expects the 400,000 prepaid disconnects were the worst of the impact.

Verizon Reports Drop in Prepaid Subscribers After ACP Sunset
Photo of Verizon Executive Vice President and CFO Tony Skiadas.

WASHINGTON, July 22, 2024 – Verizon reported a drop in prepaid phone subscribers for the second quarter, driven largely by the shuttering of the Affordable Connectivity Program in May.

The company lost 624,000 prepaid customers, of which 410,000 were ACP subscribers, executives said on an earnings call Monday.

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