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Verizon added 1.7 million new customers last quarter

21
Jan
2014

Verizon Wireless, the largest carrier in the US, released its year-end financial report for 2013 this morning, capping off another year of growth for the carrier. In 2013, Verizon strengthened its position as the top carrier in the US, expanded its LTE network to cover over 99 percent of its 3G footprint, and negotiated a massive buyback of Vodafones 45 percent stake in the company. In the year-ago quarter, Verizon Communications reported a significant loss attributed to the damage caused by Hurricane Sandy and rising costs in employee pensions, but this time around the company earned $7.9 billion on $31 billion in revenue. Verizon reports that it activated 8.8 million smartphones in the fourth quarter and smartphones accounted for 88.9 percent of activations, an increase of 3.5 percent over the third quarter.

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