Verizon Q4 2011: $18.3bn wireless revenue, 44% using smartphones


Verizon has reported its Q4 2011 financial results, with wireless revenue up 13-percent year on year to $18.3bn, while 44-percent of postpaid consumers are now using smartphones. 1m net subscribers were added in the three month period, driving higher data use in the process; revenues from data alone were $6.3bn, up over $1bn from the year before.