Verizon posted a 15% increase in fourth-quarter profit because of wireless growth but as you can imagine, landline spending by businesses slowed. Of note is the fact one million Blackberry Storms have been sold so far.
In addition, broadband and phone revenue for businesses was reduced by 2.2% which the company says is due to delayed purchases and layoffs.
One would imagine SIP trunking would be a small part of the reason as well.
FiOS subs were up just over 300k and the fact consumers are staying home and watching more TV is a reason for FiOS to do well into the future. I mention this as Netflix just had record earnings because people are staying home more often and Netflix is cheap entertainment.
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