fios

Jordan Golson ยท 01/28/08 04:50PM

Who needs the iPhone? Verizon Wireless added 1.9 million customers last quarter, more than analysts had predicted. In its financials, Verizon met expectations, making $1.1 billion on $23.8 billion in sales. The company also reported broadband subscribers were up 18 percent year over year, in part because of the rollout of its Fios fiber-optic service. Verizon now has more than 1 million Fios subscribers, though higher than predicted capital expenditures โ€” including on the Fios rollout โ€” hurt earnings. [Wall Street Journal]