Despite record number of smartphone activations, Verizon loses $1.93 billion in Q4


It cost Verizon money to roll out its mobile trucks in aftermath of Hurricane Sandy
Other figures cited by Verizon for the quarter include low retail post-paid churn of .95%. Verizon now has 92.5 million post-paid accounts and a total of 98.2 million retail customers. The carrier's LTE signal blankets 273 million people in 476 markets. That places Verizon on top of the charts as the largest U.S. carrier and the carrier covering the most markets with LTE.
"We delivered a total return of 13.2 percent to shareholders in 2012, and we enter 2013 ready to accelerate the momentum we’ve achieved and create significant shareholder value in the years to come."-Lowell McAdam, Verizon CEO
It should be noted that the earnings numbers are for the entire company which includes Verizon's non-wireless operations such as cable television
source: Verizon via BGR
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