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Verizon has been facing stiff competition from smaller rivals
such as T-Mobile US Inc and Sprint Corp, who have been offering
massive discounts on call and data plans.
The launch of Apple Inc's new iPhones in September also
triggered heavy promotional activity in the industry towards the
end of the third quarter.
Verizon said on Tuesday it net added 1.3 million wireless retail
postpaid subscribers in the quarter compared with 1.1 million in
the second quarter.
However, average revenue per account (ARPA) declined to $152.38
from $153.73 in the prior quarter.
Verizon's shares rose about 2 percent to $45.44 in premarket
trading.
As Verizon's ARPA comes under pressure, the company is entering
new markets such as mobile video and "Internet of Things", the
concept of connecting everything from industrial machines to
household devices to the Internet, to boost its earnings.
The net income attributable to Verizon rose to $4.04 billion, or
99 cents per share, in the quarter ended Sept. 30 from $3.70
billion, or 89 cents per share, a year earlier.
Total operating revenue rose to $33.16 billion from $31.59
billion.
(Reporting by Devika Krishna Kumar in Bengaluru; Editing by
Kirti Pandey)
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