Summary:

LTE devices drove Verizon’s fourth quarter. It activated 7.3 million LTE devices in three months and sold 6.2 million iPhones. Half of those iPhones were Apple’s newest LTE-enabled model.

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The combination of Verizon’s now nationwide LTE network and the holidays produced a distinctly 4G quarter for the country’s biggest operator. It sold 7.3 million LTE devices the last three months of 2012, and it activated 9.8 million smartphones in total. It activated 6.2 million iPhones, about half of which were the LTE-enabled iPhone 5.

Data usage is now swinging strongly towards LTE. Though only 23 percent of Verizon’s 98 million retail devices have LTE radios, they now account for nearly 50 percent of all data traffic.

Verizon recorded 2.2 million total net subscriber additions for the fourth quarter in its wireless group, while on wireline it racked up 144,000 new net FiOS Internet and 134,000 FiOS video customers. Those gains resulted in record revenues of $30 billion for the quarter and $115.8 billion for the fiscal year. Despite that, Verizon’s fourth quarter loss widened to $4.22 billion due to rising pension costs and the financial impact of Hurricane Sandy.

 

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