Shares in the largest wireless firm in the US were today driven up by quarterly results topping analyst expectations.
In its third-quarter results, Verizon also revealed it had added more phone subscribers than was expected.
Shares in the telecoms giant rose almost three per cent in trading.
Total revenue rose to $31.7bn (£24.1bn) from $30.9bn one year ago. Verizon generated earnings per share of 98 cents in the quarter. While earnings were in line with a Thomson Reuters analyst poll, revenue was ahead of the $31.45bn pencilled in.
Net new monthly phone subscribers were 274,000 during the quarter, well ahead of the 185,000 forecast by Wells Fargo analysts.
However, the firm said it lost 18,000 video subscribers during the quarter and cited a shift from traditional pay-TV packages to cheaper streaming services.
Verizon's finance chief Matthew Ellis said the firm had no plans to bolt on new companies to differentiate itself in a fiercely competitive market.
“Just through licensing content, we can have access to content that we want to distribute to our customers,” he told Reuters.