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Verizon Communications Inc. reported a 30 percent drop in third-quarter earnings Monday as it couldn’t sign up enough new subscribers to offset higher costs from laying off workers and absorbing an acquisition. The nation’s second-largest phone company is putting more emphasis on cell phones and its fiber-optic FiOS TV and Internet service.

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Verizon Communications Inc. reported a 30 per cent drop in third-quarter earnings Monday as it couldn’t sign up enough new subscribers to offset

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Verizon launched a new “quad play” package in New Jersey and surrounding states Monday – a service that now combines wireless phone with landline phone, television and Internet into one monthly bill.

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