Verizon Wireless Subscriber Count Now Over 92 Million

Verizon Communications has announced its second quarter results and among the most anticipated details in the report is the performance of Verizon Wireless – the joint venture between Verizon Communications and Vodafone.

The results have been positive. Revenues for Verizon Wireless increased by 3.4% YoY and now stands at $16 billion. The operating margin corresponding to these revenues is 30.3% which is a growth of 2.5% from the earlier quarter. Verizon has announced an addition of 1.4 million net customers – 665,000 post-paid – in this quarter which takes the total number of subscribers with the carrier to 92.1 million.

There are speculations about the iPhone reaching Verizon in a couple of quarters from now. I wonder if the changed market dynamics could make a significant impact on the company’s subscriber growth. The Verizon stocks (NYSE:VZ) has risen by 2.96% in intra-day trading up till now.