More evidence of the readiness of US consumers to defy the recession to acquire the latest wireless phone technology was provided on Monday by Verizon Wireless and RadioShack.

Verizon Wireless – the largest US mobile phone carrier company that is 55 per cent owned by Verizon Communications and 45 per cent by Vodafone – reported that it added 1.2m net new customers during the third quarter, even as it faced intense competition from AT&T’s exclusive carrier alliance with Apple’s iPhone.

To read this report in The Financial Times in full, see:
www.ft.com/cms/s/0/75b76612-c262-11de-be3a-00144feab49a.html