Verizon reports increased profit on strong subscriber growth for Q1
Verizon has released the details of their Q1 earnings report for 2013, and times are good at Big Red. Adding an additional 667,000 subscribers, the carrier is reporting a growth of 15.3 percent in earning per share. The figure rose from 59 cents per share last year to 68 cents for Q1. Subscriber growth is up 35 percent year over year and total operating revenues for the first quarter came to $29.4 billion, a 4.2 percent increase.
Verizon also took the opportunity to provide a quick update on 4G LTE deployment. The next-gen wireless standard is now available in 491 markets in the US with a reach of about 287 million people.
[via Verizon]