Verizon Communications Inc. on Thursday said its net income rose 13 percent in the second quarter as its wireless arm pulled in record profits.
Verizon has one foot in the wireless world and one in the traditional, wired phone-company world. In the latter, results were notably weaker. Like other phone companies, Verizon is losing landlines, but has been compensating by signing up broadband customers. In the second quarter, that trend faltered, as it gained a net of just 2,000 broadband customers – the worst result in four years.