Verizon Wireless, the nation’s top wireless carrier, on Tuesday reported its earnings for the 2013 holiday quarter. Despite notable gains from T-Mobile, whose attention-seeking CEO earned his company a lot of coverage while lambasting competitors, Verizon has managed to add 1.6 million new contract subscribers during the Christmas quarter of last year.
Quarterly net income of the wireless division was $5.07 billion on $21.1 billion in revenue, or $7.9 billion on $31 billion in revenue for Verizon Communications.
The figure compares favorably to a massive $1.93 billion loss in the fourth quarter of 2012, attributed to the damage caused by Hurricane Sandy and rising costs in employee pensions. More tidbits below the fold…(...)
Read the rest of Verizon’s Christmas quarter: 1.6M new subscribers, $5B quarterly profit
"Verizon’s Christmas quarter: 1.6M new subscribers, $5B quarterly profit" is an article by iDownloadBlog.com.
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