Gains in wireless subscribers helped boost Verizon (NYSE:VZ) Q2 profits 4.5 percent to $1.7 billion, or 58 cents a share, from $1.6 billion, or 55 cents, last year. Revenues for Q2 were also up 6.3 percent to $23.3 billion.
Verizon also added 167,000 new FiOS TV customers in Q2, giving it a total of 515,000 FiOS subs. The company has nearly 1.3 million total video customers, including satellite TV. Its Q2 results also included:
— Verizon added 1.6 million retail customers.
— Broadband connections were up 25.5 percent to 7.7 million, which is made up of both FiOS Internet and DSL customers. Verizon added 288,000 new broadband connections, as well as 203,000 new FiOS Internet customers, giving it a total of 1.1 million FiOS Internet customers.
— On a less positive note, revenues in Verizon Telecom’s consumer market were down by 2.1 percent, to $4.2 billion. Earnings release | Webcast
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