Verizon added 274,000 net new postpaid phone subscribers in Q3, up 13% over last year's figure
With a retail postpaid churn rate of .75%, it was the tenth consecutive quarter that the nation's largest carrier came in with a figure under .90%. The entire wireless business had a churn rate of .97%. 78% of Verizon's postpaid customers are now using an unsubsidized service plan, up from the 60% figure that the carrier reported for last year's Q3. 49% of postpaid customers were paying monthly for their handset by the end of the quarter.
Verizon Wireless took in $21.6 billion in revenue for the three month period, down 2.4% year-over-year. Operating income for the wireless business amounted to $7.6 billion for the third quarter, which worked out to an operating income margin of 35.2%.