Verizon's Q3 Results Driven Growing Wireless Subscribers, FiOS Adoption

The wireline business reported a marginal slump in total operating revenues, although consumer revenues grew by 4.5% y-o-y on strong FiOS subscriber adds. Net income grew by over 65% to $3.7 billion in the quarter, reflecting the fact that the company now enjoys complete control over Verizon Wireless, after acquiring Vodafone's 45% stake earlier this year.