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Verizon Communications Inc., the nation's second largest telecommunications company, on Monday reported a 3.9 percent rise in fourth-quarter earnings on steady but moderate growth in its core operations.
Verizon also reported reaching a milestone as a TV provider, saying it had 943,000 subscribers to FiOS TV at the end of the year and more than 1 million now.
The service, delivered over fiber-optic lines in parts of 13 states, is Verizon's way of countering the threat from cable providers who are siphoning off phone customers. Verizon lost 10.6 percent, or nearly 3 million, of its residential phone lines last year.
Verizon earned $1.07 billion, or 37 cents per share, in the October-December period, compared to $1.03 billion, or 35 cents per share, a year earlier.

Labels: Verizon Communications Inc., VZ