Summary Box: Verizon's third-quarter results

AP News
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Posted: Oct 22, 2010 2:07 PM
Summary Box: Verizon's third-quarter results

NEW VERIZON: The wireless side of the business continued to do well, even though iPhone-fueled AT&T is attracting slightly more customers under contract, who are the most lucrative.

OLD VERIZON: The wireline side is barely breaking even, now that Verizon Communications Inc. has sold off some profitable outlying areas to Frontier Communications Corp. Heavy investment in FiOS _ optical fiber connections _ is stabilizing revenue somewhat.

SO, ABOUT THE IPHONE: Recent media reports say Verizon is getting a version of the iPhone early next year. The company hasn't confirmed this, and comments from executives appear to downplay the possibility.