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FiOS Drives Verizon Revenue Up, But Earnings Fall Short Of Expectations

Verizon reported growth in first quarter revenue thanks to strong income results from FiOS sales and first quarter profit that grew thanks to the $130 billion deal that allowed Verizon to acquire the 45% stake Vodafone has held in the company since 2000. However, excluding the Vodafone deal, Verizon profit failed to meet the analyst consensus.

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