Growth continues to slow for Verizon according to the latest Verizon earnings report. While the company was quick to proclaim it added 1.1 million postpaid wireless subscribers in the quarter, about 852,000 of those additions were tablets -- a good number of which Verizon gives away on promotion. Verizon's net postpaid phone additions for the quarter were 321,000, a far cry from the kind of numbers seen by current industry darling T-Mobile.
Things have also slowed for Verizon on the fixed-line broadband front.
The company continues to bleed POTS and DSL users it has been intentionally driving away for years in markets in doesn't want to upgrade. Verizon lost 396,000 voice and and 97,000 DSL users on the quarter, but added 26,000 FiOS video subscribers and a net 72,000 FiOS Internet subscribers. The company blamed increased competition for the slow growth.
Verizon's also been selling off much of it's fixed-line infrastructure and there's some unconfirmed rumors in our forums the company may not be finished.
All of that said, money doesn't appear to be much of an issue for big red thanks largely to wireless data revenues; the company posted earnings of $4.23 billion on total revenue of $32.2 billion over the last three months. The company is fresh off its $4.4 billion acquisition of AOL, and will use the acquired ad technology to fuel its upcoming new Internet video service, which Verizon CFO Fran Shammo today stated would be launching "late summer."