Network Computing is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Verizon Profit Flat Despite Blowout Cellular Quarter: Page 2 of 2

In the summer, AT&T Corp. and MCI Corp. began withdrawing from that battlefield after a court ruling threw out rules which made it cheaper for those companies to sell their own local phone service by leasing residential lines from Verizon and other Bells at government-set rates.

And as Verizon began winning back local business, the company also continued to grab long-distance business from AT&T and other traditional leaders in that market, with revenues growing 8.7 percent to $1.09 billion.