Verizon Catching AT&T

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