Verizon just released their Q1 financials and let’s just say… things are mighty green. Their wireless division has had its highest growth in the past three years, with a 7.7% increase in revenues year-over-year, and 8.9% growth in retail. To top it off, their revenue from data services grew an astounding 21.1%.
The addition of 500,000 new postpaid customers doesn’t hurt, bringing their total to 88 million. Of those, 47% use a smartphone, with more being added every day as they expand their LTE coverage. Looks like Big Red has money to burn, but the high cost of running a huge network will require much of that money to continue growing. Read the full press release after the break.