Verizon boosts profit margin; FiOS results are stable

10/18/2012 | Bloomberg Businessweek · Verge, The ·

Verizon Communications, in its third-quarter financial report, says profit margins grew as it added 136,000 FiOS broadband customers and 119,000 FiOS TV subscribers -- about the same as in the prior quarter. Also, Chief Financial Officer Fran Shammo said the telecom was "very close to launching" its video-streaming service with Redbox this quarter. On the wireless side, Verizon thrived on the growing number of iPhone customers running up data charges, and the company added 1.5 million contract subscribers -- its best total in four years.

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Bloomberg Businessweek · Verge, The ·

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