Verizon posts strong FiOS TV results in Q4
Verizon Communications expanded its FiOS TV base by 194,000 net new customers in the fourth quarter, a gain of 12,000 more than the 182,000 reported a year earlier and sizable pickup from the third quarter, which attracted 131,000 net new customers. Verizon added 201,000 FiOS broadband customers to bring its total to 4.8 million. On the wireless side, Verizon sold 4.2 million iPhones and added 1.5 million subscribers on a 13% increase in revenue and slightly lower churn. Overall, Verizon's revenue increased 7.7% as a one-time pension charge affected its bottom.