Verizon just released their first quarter financial results for 2012, and things are looking pretty rosy for them. Some highlights were that their rapidly expanding 4G LTE network helped drive sales higher. Sales of LTE devices rose to 2.9 Million, out of a total of 6.3 Million smartphones sold, and 9.1% of Verizon's customers are on 4G.
Big Red had 93.0 million retail customers, a 5.2 percent increase year over year, including 88.0 million retail postpaid customers. They added 734,000 retail customers, excluding acquisitions and adjustments. This includes 501,000 retail postpaid net customer additions, and they continued their trend of low retail postpaid churn of 0.96 percent. Forty-seven percent of their customers are now using smartphones.
For the full financial breakdown, hit the source link below.
Source: Verizon First Quarter Financials Press Release