LET ME SUMMARIES THE STORY
That makes 6.5 percent more wireless revenue 21. Big Red added some 1. Still, Verizon saw 7. That means that despite selling a million or so smartphone connections, the company dumped about 700,000 — a considerable slowdown compared to T-Mobile.
Of course, what a lot of customers want especially Netflix users is faster download speeds — Verizon said that it switched 70,000 customers from copper to fiber over the last quarter, which definitely won’t hurt. Though those folks technically count as new connections, Verizon only added 304,000 net phone customers, compared to 940,000 this time a year ago.4 million net retail connections, of whom a whopping 1.
Most of those additions were likely Verizon customers already, who had taken advantage of the More Everything plan to add a tablet to their existing phone plan for 10.5 billion and a similar bump in operating profits.3 million FiOS internet customers total, figures that won’t be hurt by the addition of faster upload speeds.Verizon’s money machine continues to plow on, but much of its wireless growth this quarter came from tablets, not smartphones — a trend that started last quarter.
On the broadband side, Verizon added 139,000 connections to its high-speed FiOS internet plans, with 100,000 new FiOS video connections.15 million used LTE-equipped slates. If you want to learn more about this post, just leave a comment.