Oct 29 (Reuters) - Verizon beat Wall Street

estimates for quarterly profit and wireless subscriber additions

on Wednesday, as promotions around the recent iPhone launches

helped the U.S. wireless service provider attract more

customers.

The company added 44,000 total monthly bill-paying wireless

subscribers in the third quarter, compared with expectations for

19,000 additions, according to data from FactSet.

The results could ease investor concerns that Verizon is

losing ground to rivals T-Mobile and low-cost cable

providers.

Carriers rolled out competitive deals, trade-in discounts,

and switching benefits to attract customers as they looked to

protect their customer base in an active switcher environment

following the September iPhone launches.

Verizon's customizable myPlan, which offers a three-year

price guarantee, has remained popular among customers.

Over 18% of the company's wireless postpaid users have also

opted for its broadband offerings.

Newly appointed CEO Dan Schulman is expected to provide

commentary on Verizon's growth plans during the earnings call

later in the day.

Verizon reaffirmed its profit and free cash flow forecast

for the full year and said it expects capital expenditures to be

within or below the previously guided range of $17.5 billion to

$18.5 billion.

Total revenue for the quarter was $33.8 billion, compared

with analysts' average estimate of $34.28 billion, according to

data compiled by LSEG.

On an adjusted basis, Verizon earned $1.21 per share,

topping analysts' estimates of $1.19.

(Reporting by Harshita Mary Varghese in Bengaluru;; Editing by

Sriraj Kalluvila)