Verizon Earnings: Surge in Wireless Contracts Boosts Profit

Verizon Communications Inc.’s second-quarter earnings rose 23% as the signing of more wireless contracts and FiOS subscriber gains helped boost revenue.

The largest U.S. phone carrier has outperformed its rivals in recent years by grabbing market share, retaining customers, and squeezing more profits out of its business as demonstrated by Verizon Wireless — its joint venture with Vodafone Group — launching shared-data pricing plans to better capitalize on increasing data usage.

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