Verizon Reports Robust Q4 Subscriber Adds, Income Falls On Pension Costs

The wireline business reported a marginal slump in total operating revenues, although consumer revenues grew by 4.1% y-o-y on strong FiOS Internet and Video subscriber adds. Notwithstanding postpaid subscriber gains, the company reported a net loss of $2.23 billion in the quarter compared to a profit of over $5 billion a year ago, on account of higher pension costs and liabilities related to other post-employment benefits. This gains more significance when we consider that the company now enjoys...