The Traderszone Network

Published in TZ Latest News 21 July, 2015 by The TZ Newswire Staff

Verizon profit beats estimates as more subscribers sign up

Customer defections, also known as churn in the telecommunications industry, for Verizon’s wireless postpaid business dipped to 0.90 percent versus the 0.99 percent estimated by FactSet. Revenue from Verizon’s FiOS high-speed Internet, TV and phone service rose 10 percent to $3.4 billion, while tablet sign-ups totaled 852,000 in the quarter. Verizon is gearing up to launch its online video service to unlock new revenue streams as competition in the wireless industry from smaller players such as T-Mobile US Inc and Sprint Corp heats up.