Telecoms company Verizon announced strong Q4 earning and growth, reflecting a strong year of trading for the company.

Verizon Wireless, its mobile joint venture with Vodafone of the UK, is targeted as the key engine of Verizon's current success, which saw Q4 income of $3bn - a sea-change on the previous year's loss of $1.5bn over the same period.

EDIT: Verizon shortly after announced a major partnership with Microsoft for the development of internet TV broadcasting - more here: Verizon broadens Microsoft hold on internet broadcasting