Verizon reports higher revenue after Vodafone deal
NEW YORK (Frankfurt: HX6.F - news) , April 23 (Reuters) - Verizon Communications Inc (LSE: VZC.L - news) said on Thursday its quarterly revenue rose 4.8 percent after its acquisition of Vodafone's 45 percent share in their prior joint venture for $130 billion gave the company access to greater amounts of cash flow.
The No. 1 U.S. mobile provider earned $5.98 billion, or $1.15 cents per share, in the first quarter, compared with $4.86 billion, or 68 cents per share, in the year-ago quarter.
Revenue rose to $30.8 billion.
(Reporting By Marina Lopes)