Verizon Communications Inc. added wireless subscribers for seven straight quarters.
According to preliminary fourth-quarter results released Tuesday, the largest U.S. wireless carrier added 1.2 million regular monthly customers in the holiday quarter.
Chief Executive Officer Hans Vestberg has been focusing on 5G technology and other wireless segments, after the company’s not-so-smooth ride with its Yahoo and AOL businesses in recent times. The company has embarked on a four-year, $10 billion cost-cutting plan, which included cutting 10,400 jobs through a buyout program last month.