The company’s “Wireline” segment added 90,000 “Fios” Internet connections and 36,000 Fios Video connections in the third quarter. VZ stock’s revenue from the business increased 4.4% from a year ago, driven by a larger customer base, strong customer loyalty, and demand for higher Internet speeds. Its Fios Internet base prefers a speed of 100 megabits per second or higher. “Strong wireline profitability and customer loyalty, renewed Fios growth highlight Verizon’s 3Q results."
Verizon Communications Inc. suffered its worst quarter of subscriber growth in more than six years amid intensified price competition from smaller rivals, adding pressure on the company’s media and advertising ventures to take up the slack for a rapidly maturing wireless business.
The nation’s largest wireless carrier signed up 442,000 total subscribers in the third quarter, falling far short of the 875,000 average of eight analysts surveyed by Bloomberg.
GO CWA/IBEW ! Great job !
God Bless America and God Bless the Union