Verizon Wireless keeps on growing, adding 1.1 million new subscribers
Verizon Wireless kicked off the mobile industry’s earnings season with some positive results. It reported 1.1 million new retail connections in the third quarter, 927,000 of which were contract subscribers. In total, Verizon now hosts 101.2 million mobile connections. As has been typical in the last several years, much of that growth was driven by new smartphone sales. It activated 7.6 smartphones, accounting for three-quarters of its total activations. Smartphones now account for 67 percent of all Verizon’s subscriptions. In addition, it brought 6.8 million new LTE phones, tablets and modems to its networks. It now has 36 million LTE connections, about 34 percent of its total retail contract user base.