Verizon boosts customers, revenue

Verizon Communications stated Tuesday it added 201,000 internet new FiOS Online connections and 194,000 video subs within the 4th quarter year-on-year to finish 2011 with 4.8 million broadband and 4.two million video clients. The organization thrown to some internet lack of $212 million, totally on one-time pension changes, from the profit the prior year. Revenue rose 7.7% to $28.4 billion with what Verizon known as the greatest year-over-year quarterly revenue development in its 11-year history. The boost was fueled by ongoing strong interest in Verizon Wireless Carrier services and mobile phone models and also the FiOS fiber-optic service, that is becoming progressively competitive with satellite and cable in a few marketplaces. FiOS transmission (customers like a area of potential customers) ongoing to improve, with Internet transmission of 35.5% percent at year-finish, up from 31.9% the prior year. Video transmission was as much as 31.5% from 28% percent, The FiOS network passed 16.5 million houses at year-finish 2011. Contact the range newsroom at news@variety.com