Verizon reports 2.1 million new subscribers in Q4 2012

Verizon reports 2.1 million new subscribers in Q4 2012
Verizon's official Q4 earnings call isn't planned until January 22nd, but some of the info that is relevant to that quarter has already been given out. Verizon Chief Executive Officer, Lowell McAdam told a group of investors today that the carrier added 2.1 million new subscribers during the 4th quarter of 2012.

McAdam said that the rate of new subscribers is increasing, which is pretty good news. No word on the revenue side of things, but one thing that will be factored into the official earnings call is that Verizon is on the line for a $1 billion one-time charge related to Hurricane Sandy, and the damage taken to the infrastructure. Insurance will take care of 33% of that, but the rest will be factored into the earnings we'll hear in a couple weeks.

source: Reuters


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