This is an article from Reuters that discusses Verizon's 14.6% increase in quarterly revenue and 1.5 customer adds (for a total of 37.5 million). Also significant is their churn rate, which dropped to 1.7% (compared with 2.1% last year), and total profit of $307M, up from $206M last year.

Another key item in the article is Verizon's CEO, Ivan Sidenberg, encouraging Vodafone (which owns 45% of Verizon) to shed its stake in favor of an AT&T Wireless takeover.

Reuters | Latest Financial News / Full News Coverage