Verizon, the U.S.'s second largest telco, said its consolidated revenue grew 5.3% year-on-year in the first quarter to 27 billion US dollars. It said that wireless service revenues grew 6.3%, wireless data revenues rose 23.7% and fibre-based services climbed by 23.7%.
Verizon's capital expenditure in the first quarter was 4.4 billion dollars, compared with 3.4 billion dollars a year earlier, but the telco said it still plans to keep capital spending flat in 2011. source: Verizon presentation
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