Verizon's quarterly revenue rises 5 percent

Reuters News
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Posted: Oct 20, 2015 7:39 AM

(Reuters) - Verizon Communication Inc, the largest U.S. wireless service provider, reported a 5 percent rise in quarterly revenue as heavy promotions helped attract postpaid subscribers.

The net income attributable to the company rose to $4.04 billion, or 99 cents per share, in the third quarter ended Sept. 30 from $3.70 billion, or 89 cents per share, a year earlier.

Total operating revenue rose to $33.16 billion from $31.59 billion.

(Reporting by Devika Krishna Kumar in Bengaluru; Editing by Kirti Pandey)