Breaking News, World News and Taiwan News.

Verizon posts 16-percent increase in quarterly gain

U.S. telecoms firm Verizon Communications Inc. posted a 16-percent increase in quarterly profit helped by higher revenue in its wireless business after it raised data prices and started selling the latest Apple Inc iPhone.

Verizon said on Thursday it was on track to meet 2012 financial goals, while adding its capital spending for the year was expected to be lower than 2011's US$16.2 billion.

Verizon Wireless, like rivals AT&T Inc, and Sprint Nextel, is spending billions of dollars on upgrading its network to support booming demand for services like web surfing and video on smartphones like the iPhone. Higher data usage, in turn, can translate into better profit for these companies.

Write a Comment
CAPTCHA Code Image
Type in image code
Change the code
 Receive China Post promos
 Respond to this email
WSJA
Subscribe  |   Advertise  |   RSS Feed  |   About Us  |   Career  |   Contact Us
Sitemap  |   Top Stories  |   Taiwan  |   China  |   Business  |   Asia  |   World  |   Sports  |   Life  |   Arts & Leisure  |   Health  |   Editorial  |   Commentary
Travel  |   Movies  |   TV Listings  |   Classifieds  |   Bookstore  |   Getting Around  |   Weather  |   Guide Post  |   Student Post  |   English Courses  |   Terms of Use  |   Sitemap
  chinapost search