The US based VoIP Company Verizon Communications has released its second quarter result on 1 August. The report reveals that Verizon’s profit has fell by 24 percent. The Company has also lost around one million landline phone customers.



Faced with unpleasant Q2 result, Verizon Wireless has decided not to purchase Vodafone Group PLC’s 45 percent stake in Verizon Wireless for the next several years.



Verizon admits landline customers are plunking the nation’s second-largest phone company at an increasing rate for cable, internet and wireless service. These cable companies are Comcast Corp., Time Warner Cable Inc. and Cablevision Systems Corp.



The number of landlines customers of Verizon fell 1 million in the second quarter, to 47 million. While, Verizon Wireless customers has increased 1.8 million, to 54.8 million. At the same time, Verizon’s high-speed Internet connections touched 440,000, to 6.1 million, in the second quarter.





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