By subscriber count, Verizon had vaulted into first place by a pretty comfortable margin following its Alltel acquisition, but AT&T added significantly more customers this last quarter than Big Red did -- and just like that, the battle for first place among the US national carriers is starting to get hot again. Verizon added 997,000 customers (excluding acquisitions) in the July through September period versus AT&T's beefy 2.6 million, meaning AT&T now stands at some 92.8 million -- just 400,000 or so fewer that Verizon's headcount. Nothing like an exclusive iPhone launch to give you a little boost, right? On the plus side, Verizon's postpaid churn in the quarter was low at 1.07 percent, and Verizon Communications as a whole earned 31 cents per share -- lower than its second quarter pre-adjustment EPS of 58 cents, but a heck of a lot higher than the 7 cent loss it actually posted in Q2. Outside of wireless, the company added 226,000 and 204,000 FiOS internet and television customers, respectively, bringing the totals to 3.9 and 3.3 million; FiOS ARPU is up nearly 11 percent year over year, and the company claims that its FiOS business now represents about half of its consumer revenues -- pretty impressive. Follow the break for Verizon's full press release.
Continue reading Verizon adds fewer customers than AT&T in Q3, race for first place gets tight
Verizon adds fewer customers than AT&T in Q3, race for first place gets tight originally appeared on Engadget on Fri, 22 Oct 2010 11:57:00 EDT. Please see our terms for use of feeds.
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