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#1
28-04-2008, 11:21 PM
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Verizon adds TV subs-
Verizon adds TV subs-
Larger than expected gains in mobile subscribers helped Verizon Communications, the second largest US telecommunications group, report a 9.8 per cent increase in first quarter net profits on sales that grew by 5.5 per cent to $3.8 billion. Net profits increased to $1.64 billion, or 57 cents a share, from $1.5 billion, a year earlier. Sales rose 5.5 per cent to $23.8 billion. Verizon is spending $23 billion over seven years to make an advanced fiber-optic network, called FiOS and capable of delivering video services, available to 18 million homes by the end of 2010. FiOS TV added 263,000 customers, tripling the user base to 1.2 million
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