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Verizon Profits Lifted by Wireless Growth |
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Verizon Profits Lifted by Wireless Growth
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By Allen Tsai | Mon Apr 27, 2009 6:52 am |
Verizon today reported a higher-than-expected quarterly profit after earnings grew 5 percent, boosted by its purchase of Alltel and growth in wireless subscribers.
Over the last few years, Verizon has depended heavily on its wireless service for growth amid a slowdown in its traditional phone business. The Basking Ridge, N.J.-based company surpassed AT&T as the largest U.S. mobile service when it brought in 13.2 million customers from its acquisition of rival Alltel The company ended the period with 86.6 million wireless customers. Profit rose to $1.65 billion from $1.64 billion a year earlier. Revenue rose 11.6 percent to $26.59 billion.
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Tue Feb 07, 2012 2:31 pm | By
Verizon plans to sell the Motorola Droid 4, its flagship Android 4G device, on February 10 for $200 with a two-year contract.
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Tue Feb 07, 2012 11:49 am | By
Verizon plans to offer a "double-data" promotion, as the carrier attempts to boost its 4G LTE network.
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Mon Feb 06, 2012 1:33 pm | By
Verizon and Redbox plan to launch an online media-streaming service, forging a partnership to compete in the crowded field of digital content delivery.
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Wed Feb 01, 2012 4:22 pm | By
Verizon and Comcast are preparing for a Senate inquiry into their pending spectrum deal, as regulators monitor talks for precious airwaves.
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Tue Jan 24, 2012 1:58 pm | By
Verizon is staking its earnings on data services, despite slumping margins from discounted iPhone sales.
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More Phones: Verizon |
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Editorials & Opinion
By Margaret Rock
The 54th Grammy Awards is just days away, and the show will harness mobile and social media technology as old media tries to keep pace with new trends among its viewing audience.
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