Verizon Adds Phone Customers But Oath Revenue Weakens
Revenue rises in core wireless business, offsetting declines in pay TV and media units
Verizon Communications Inc. added to its pool of wireless phone subscribers in the third quarter while pressing forward with its bet that it is better to focus on building a faster network than trying to own the content that flows through it.
The largest U.S. wireless carrier by subscribers added a net 295,000 new phone connections during the period, after adding a net 199,000 of those customers in the prior quarter.
Revenue...