Verizon Revenue Rises on Strong Wireless Subscriber Additions

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Verizon Communications Inc, the largest U.S. wireless telecoms company, reported a 6 percent rise in quarterly revenue as its postpaid wireless subscriber additions rose 53 percent.

However, net income fell to $4.3 billion, or $1.01 per share, in the second quarter ended June 30 from $5.2 billion, or 78 cents per share, a year earlier, as interest expenses jumped.

Verizon’s operating revenue rose to $31.48 billion from $29.79 billion a year earlier. Original post at Reuters

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Wahengbam Rorrkychand

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