Electronista

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updated 10:36 AM EST 01.22.13
Verizon doubles Q4 loss, blames pensions and Hurricane Sandy
Verizon posted a $4.2 billion loss for the fourth quarter of 2012, doubling its $2 billion loss that was posted in the fourth quarter of 2011, despite increased revenues across the company's divisions. Wireless has continued to drive growth, with 2.1 million new postpaid accounts in Q4 and a 10-percent jump in revenue to $20 billion.