Verizon's Growth Slows Slightly

Verizon, one of the big two U.S. telcos, said its operating revenues rose 3.4% year-on-year in the fourth quarter of 2013 to 31.1 billion U.S. dollars. That was slightly down on the 4.1% annual revenue growth to 120.55 billion dollars in 2013. Still, wireless service revenue climbed 8% in the quarter to 17.7 billion dollars, aided by growing uptake of LTE.

Verizon said it activated a further nine million LTE devices during the quarter taking the total number of LTE devices on its network to more than 42 million. It also reported that its capital spending in 2013 was 16.6 billion dollars, up slightly on the 16.2 billion dollars in 2012. source: Verizon presentation