Citing continued growth in customers of Verizon's all-fiber FiOS TV and Internet products as well as revenue and net income momentum, online news source Light Reading has given Verizon the highest grade ever in its quarterly Carrier Scorecard: an A-.
Each quarter, Light Reading publishes scorecards on the world's most influential publicly held carriers, giving them a grade of A through F based on their financial and business performance.
"Now, with net income on the rise again and the continued steady growth in revenue, it seems only appropriate to give Verizon the first-ever grade in the 'A' range," Light Reading said in its Aug. 7 report. "Its FiOS service roared past the one million mark in Internet subscribers and just inched past half a million TV subscribers. The company's stock is now trading near its 52-week high and outperformed the S&P 500 in the second quarter by more than 4 percent."
Keiko Harvey, senior vice president for Verizon's FiOS data and video network services, said, "This recognition from Light Reading, coupled with other recognition we've received recently, continues to demonstrate that FiOS and our fiber-straight-to-the-home network is a winner with customers." -Verizon
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