Strong Wireless Subscriber Additions Boost Verizon - Presented by: The Aol. On Network

Verizon Communications, the largest U.S. wireless telecoms company, reported better-than-expected quarterly revenue and profit due to a jump in postpaid wireless subscriber additions. However, the company's net profit fell 16.8 percent as interest expenses rose. Verizon's shares fell about 1 percent to $50.08 before the bell. The company's postpaid wireless subscriber net additions surged 53 percent to 1.4 million in the second quarter ended June 30.



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