Verizon, Vonage Fight Off Cable's Threat

The phone giants struggled in the second quarter, with companies like Comcast and Time Warner taking a big bite out of their growth

The Aug. 1 headlines announcing earnings from Verizon and Vonage provided investors with some good news. Verizon, the second-largest U.S. phone company, said sales jumped 26%, and reported a surge in wireless subscribers. Vonage, a provider of voice-over-Internet protocol (VoIP) calling, said sales more than doubled.

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