Verizon Wireless keeps finding a way to continue to grow market share, maintaining its position as the No. 1 mobile operator in the U.S.
The joint venture between Verizon Communications Inc. and Vodafone Group Plc added 1.3 million connections in the third quarter to end the period with 107.7 million total connections, including 90.7 retail customers.
The company had fewer total additions than its closest rival AT&T (2.1 million new customers) in the quarter, but AT&T on Thursday reported less than half (319,000) Verizons number of new postpaid customers (882,000).
Verizon Wireless delivered impressive results across the board in the third quarter, and we are geared up for an even better fourth quarter, with new smartphones, tablets and data devices coming to market,” Verizon President and CEO Lowell McAdam said.
Despite the subscriber growth, Verizon’s postpaid additions fell below the average expectation of 1.04 million from eight analysts that Reuters contacted.
During the quarter, Basking Ridge, N.J.-based Verizon Wireless continued to roll out its 4G LTE network. As of yesterday, the network was available in 165 markets covering a population of roughly 186 million.
Dallas-based AT&T, the second-largest wireless operator with 100.7 million customers including 68.6 million postpaid subscribers, also is building an LTE network. AT&Ts LTE network is only available today in five markets Atlanta, Chicago, Dallas, Houston and San Antonio although the company has revealed plans to bring the network to Boston and Washington, D.C. next.