Read the earnings conference transcript here.
In the quarter, Verizon added 1.2 million retail postpaid wireless connections — 653,000 phone net additions and 873,000 postpaid smartphone net additions.
With a retail postpaid churn rate of 1.08% and retail postpaid phone churn rate of 0.82%, wireless service revenue grew 1.9%.
ADVERTISEMENT
In Wireline, there were 54,000 Fios Internet net additions. Fios total revenue grew 2.9% year over year.
It was also during the reported quarter that the telecom giant launched its new offering — the world’s first commercial 5G broadband internet service, in some markets. The Verizon 5G Home was first offered to some parts of Houston, Indianapolis, Los Angeles, and Sacramento.