Verizon Boasts FIOS Growth in 4Q
Monica Link Jan. 28, 2015, 3:15 p.m.
New York-based Verizon Communications Inc. reported strong earnings and growth of its FiOS high-speed Internet during the fourth quarter of 2014. Verizon had consumer revenues of $4.0 billion, up 4.1 percent from the same quarter a year ago.
Meanwhile, the company continues to grow its customer base and earnings. During the fourth quarter, total FiOS revenue was $3.3 billion, up 11.6 percent. FiOS earnings for all of 2014 totaled $12.7 billion, a 13.6 percent jump from 2013. The company reported 145,000 net new FiOS Internet connections during the fourth quarter. Sales of strategic services, which include Private IP, Ethernet, data center, cloud and security managed services totaled $2.1 billion, up 1.5 percent from the fourth quarter in 2013.