Wireless and the Fios fiber-to-the-home broadband network continue to fuel growth for Verizon Communications.
On Monday, the second-largest phone company in the U.S. reported profits were up 3.9 percent for the fourth quarter of 2007, as it added more wireless subscribers in its joint venture with Vodafone and nearly hit the 1 million subscriber mark for its Fios TV service.
Earnings met analyst expectations with net income coming in at $1.07 billion, or 37 cents a share. That was up from $1.03 billion, or 35 cents, a year ago. Profit, excluding items such as severance pay … Read more