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Verizon posts revenue increase on strong mobile growth


NEW YORK (Reuters) – Verizon Communications Inc said on Tuesday its quarterly revenue rose 3.4 percent, slightly ahead of Wall Street estimates as it added more subscribers than expected at its Verizon Wireless venture with Vodafone Group Plc. Verizon, which has agreed to buy Vodafones 45 percent share in their venture for $130 billion, said the wireless business added 1.6 million subscribers in the quarter, compared with the average expectation for 1.5 million from five analysts contacted by Reuters. Verizon shares rose 0. …

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