Share Everything boosts Verizon 3Q

Question of the Day

What has been the biggest debacle on Obama's watch?

View results

On the wireline side, revenue continued to shrink, and Verizon posted the first decline in overall broadband customers in four years, as it stopped marketing DSL connections to customers who don’t also buy phone service. DSL connections are slower than cable modems, and Verizon has stopped investing in the technology, focusing instead on fiber-optic FiOS connections available in about two-thirds of the areas where it provides local phone service.

Verizon’s report is the first for telecommunications companies this earnings season. Rival AT&T Inc. reports on Wednesday.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Comments
blog comments powered by Disqus
TWT Video Picks