Verizon posts $3bn in profits

US TELECOMS firm Verizon Communications saw third-quarter profit fall a less-than-expected nine per cent to $2.89bn (&pound;1.77bn) yesterday as wireless subscriber gains offset slower-than-anticipated growth in its television service.<br /><br />While Verizon Wireless added a net 1.2m mobile customers, beating Wall Street forecasts of 1m new customers, it is still losing market share to AT&amp;T, the exclusive US provider for Apple&rsquo;s iPhone.<br /><br />Sales rose 10.2 per cent to $27.27bn, ahead of the average analyst estimate of $27.17bn.