FiOS, cloud computing help propel Verizon in Q4

Verizon Communications increased revenue by 5.7% in the fourth quarter, beyond analysts' estimates, as FiOS and cloud-computing and networking services continued to grow, the telecom reported today. Average revenue per wireline business subscriber rose 9.5% from a year earlier, and Verizon added 134,000 FiOS TV and 144,000 FiOS broadband customers in the quarter. Verizon had 98.2 million total wireless customers at the end of 2012, a 6.6% increase from 2011.

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