Verizon’s quarterly earnings drop 30%

Filed under: Industry News

This is never a good sign no matter how much you hate the telephone company…

Verizon is showing a huge loss in earnings due to people cutting back on land lines and making long distance phone calls.

On a good note maybe they say that wireless phone accounts actually jumped 24% in the same time period.

Verizon is the nation’s leading wireless operator with 89 million customers.

Although Verizon has been installing lots of fiber including fiber to the home FIOS this part of the business is not making a profit yet.

If Verizon is having problems you can bet other networks are too.