Verizon took $30 billion in revenue, added 615,000 postpaid additions in Q2 2016Verzion has published the U.S. carrier's results for Q2 2016, noting total revenues of $30.5 billion for the quarter. The company also recently finalized its acquisition of Yahoo, which will sit comfortably alongside AOL. Operating income for Q2 was $4.6 billion and the carrier announced 615,000 new postpaid net additions. Verizon now has 113 million retail connections, up just over 3% from last year.
Some highlights from the financial report:
The composition of the 615,000 retail postpaid net adds was strong: Verizon added 462,000 4G smartphones to its postpaid base in second-quarter 2016. Net phone additions increased sequentially to 86,000, as the net gain in 4G phones was offset by a net decline in basic and 3G phones. Tablet net adds totaled 356,000 in the quarter. Net prepaid devices declined by 30,000, a significant improvement sequentially and year over year, primarily due to new prepaid pricing plans.
The composition of the 615,000 retail postpaid net adds was stron...
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Verizon took $30 billion in revenue, added 615,000 postpaid additions in Q2 2016
