Gains in wireless subscribers helped boost Verizon (NYSE:VZ) Q2 profits 4.5 percent to $1.7 billion, or 58 cents a share, from $1.6 billion, or 55 cents, last year. Revenues for Q2 were also up 6.3 percent to $23.3 billion.

Separately, Verizon Wireless, which is a JV between Verizon and Vodafone, said it will acquire Rural Cellular Corp. for $757 million in cash, AP reported. Including assumed debt, the company values the deal at about $2.67 billion.

Verizon also added 167,000 new FiOS TV customers in Q2, giving it a total of 515,000 FiOS subs. The company has nearly 1.3 million total video customers, including satellite TV. Its Q2 results also included:

—Verizon added 1.6 million retail customers.

—Broadband connections were up 25.5 percent to 7.7 million, which is made up of both FiOS Internet and DSL customers. Verizon added 288,000 new broadband connections, as well as 203,000 new FiOS Internet customers, giving it a total of 1.1 million FiOS Internet customers.

—On a less positive note, revenues in Verizon Telecom’s consumer market were down by 2.1 percent, to $4.2 billion.

—On the wireless side, operating income margin for that segment was 27.8 percent, which Verizon claimed was its highest ever.

—Also on the wireless side, churn levels were 1.08 percent retail.  Churn among post-paid customers was even lower, coming in at .85 percent. Earnings release | Webcast