Verizon reported relatively solid results in its wireline business, showing revenue slightly below some analyst expectations but FiOS net customer additions of 98,000, above some predictions.
“In the consumer business, FiOS remains the driver of revenue growth, and now represents around 81 percent of consumer revenue. In the first quarter, consumer revenue grew 28 percent,” Verizon CFO Fran Shammo said during the company’s earnings conference call with investors.
