Verizon grows revenue but loses wireless customers, continues to 'execute on all 5G opportunities' [telecom]

open original image

Verizon reported first quarter revenue up 4% from a year ago, but that gain was marred by net phone losses of 178,000. The company reporting that its first quarter revenue was $32.9 billion, with non-GAAP earnings of $1.31 a share.

However, while Verizon's consumer Fios business had 98,000 Internet net additions and 102,000 total Fios net additions, the company's consumer wireless lost 326,000 retail postpaid customers, including