Verizon is seeing a boost in wireless service revenues, reaching total wireless service revenue of $17.8 billion for the fourth quarter of 2021. That’s a 6.5% year-over-year increase, which the company said was driven by higher average revenue per account, in addition to a contribution from its acquisition of TracFone Wireless, which closed in late November.
On the consumer wireless side specifically, service revenue growth was even a bit stronger: up 7.7% year-over-year, which Verizon said was due to customer uptake of unlimited and premium unlimited plans, as well as a contribution from TracFone.
