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Verizon profit growth continues on wireless expansion

2014-01-21 15:27:00| Telecompaper Headlines

(Telecompaper) Verizon reported fourth-quarter revenues up 3.4 percent year-on-year to USD 31.1 billion, led by continued strong growth at its mobile activities and Fios services. The net result was a profit of USD 1.76 per share, compared to a loss of USD 1.48 a year ago. The increase was mainly due to a gain of USD 1.29 per share for changes in its pension valuations, offset by USD 540 million or 19 cents a share in costs for the pending acquisition of Vodafone's stake in Verizon Wireless. Verizon Wireless recorded quarterly sales up 5.7 percent to USD 21.2 billion, including a 7.5 percent increase in retail service revenue to USD 17.0 billion. The adjusted EBITDA margin rose 5.6 percent points to 47.0. The mobile operator added a net 1.7 million new retail customers in the three months to finish the year with a total 102.8 million, up 4.7 percent from the end of 2012. Verizon said its LTE roll-out is largely complete, covering 97 percent of the US population. The company spent in total USD 16.6 billion on capital equipment last year, up from USD 16.2 16.2 billion in 2012. Verizon estimates flat to slightly higher capex this year, at USD 16.5-17.0 billion, while capex as a percentage of revenue will continue to decrease. The company generated free cash flow (operating cash flow less capex) of USD 22.2 billion in 2013, an increase of 45.1 percent.

Tags: growth wireless profit continues

 

Verizon Wireless Expands Its 'Share Everything' Plan

2014-01-21 05:23:09| IT Services - Topix.net

Verizon Wireless customers now have a new reason to join Share Everything. Verizon introduces an entry-level plan that gives customers the option of adding a 4G LTE smartphone to Share Everything for $40.00 per month plus $20.00 per month for unlimited talk and text and 250 MB of data that can be shared among devices.

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Verizon Pitches Its Wireless Network to Remote Oil Drillers

2014-01-17 08:35:01| Wireless - Topix.net

Driving 300 miles from Billings, Mont., to Williston, N.D., Mark Bartolomeo was a long way from home.

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AT&T, T-Mobile eyeing Verizon Wireless spectrum

2013-12-05 01:00:00| Total Telecom industry news

700-MHz spectrum expected to fetch up to $2.75 billion.

Tags: wireless att spectrum verizon

 

Verizon Wireless Expands 4G LTE Coverage in Carrabassett Valley, Maine

2013-11-28 00:18:23| IT Services - Topix.net

Verizon Wireless first debuted its 4G LTE network in Maine in June 2012 . Recently, the Verizon Wireless 4G LTE network further expanded within Carrabassett Valley around Sugarloaf Mountain Resort.

Tags: wireless valley coverage maine

 

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