Comfortably outpacing arch-rival AT&T, Verizon reported a 4.3% year-on-year increase in revenues in the third quarter of 2014 to 31.6 billion US dollars. (AT&T reported a 2.5% increase to 33 billion dollars).
Verizon's wireless revenues rose 7%, while wireline revenues fell 0.8%, dragged down by falls of more than 4% in wholesale revenue and enterprise revenue. Verizon said it activated more than 10 million 4G devices in the third quarter taking the total to almost 60 million. source: Verizon presentation
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