Verizon said its total operating revenues grew 0.6% year-on-year to 27.3 billion US dollars in the third quarter of 2009 on a like-for-like basis. Boosted by a 29% rise in mobile data revenues to 4.1 billion dollars, Verizon Wireless' revenues rose 5% to 15.8 billion dollars.
While revenues in its fixed-line business shrank 5%, customers for Verizon's fibre-optic service climbed 49% year-on-year to 3.3 million, while customers for its fibre-optic television service soared 68% to 2.7 million.
“The Verizon network is now an engine for next-generation communications services that will create new short- and long-term opportunities for us," said Verizon Chairman and CEO Ivan Seidenberg. "As the U.S. economic and employment picture improves, and as we accelerate reductions in our own cost structure, we are well-positioned to quickly and significantly improve our growth profile.” source: Verizon presentation