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Verizon ‘Excited’ as It Discloses Sign-Ups for Wireless Home Internet Service

  • Service adds 55,000 subscribers, bringing total to 150,000
  • Growth business takes aim at dislodging cable broadband
A Verizon Communications Inc. Store Ahead Of Earnings Figures
Photographer: Patrick T. Fallon/Bloomberg

Verizon Communications Inc. has spent three years developing wireless technology to beam high-speed internet connections into homes and now it’s finally ready to talk about the new growth area.

Verizon reported 55,000 new wireless broadband subscribers for the third quarter, bringing its total to 150,000 -- the first time the company has disclosed details of the business.