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Verizon reports modest wireless, wireline growth in Q4

January 29, 2019

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Verizon on Tuesday reported its fourth quarter earnings, including a 1.9% year-over-year growth in service revenue, 1.2 million postpaid subscriber adds and year-over-year revenue growth of 2.1% to $24.3 billion. On the wireline side, Verizon’s Fios service picked up 54,000 customers and saw a 2.9% increase in revenue as compared to the year-ago period.

While CEO Hans Vestberg used the earnings report to tout the carrier’s 5G leadership, he didn’t add any specifics as to when the company will expand from its 5G Home service, which is a fixed connection based on an in-house standard, to a mobile service based on 3GPP’s 5G New Radio standard.

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