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Verizon Q3 growth boosted by AOL, 4G expansion
2015-10-20 14:17:00| Telecompaper Headlines
(Telecompaper) Verizon reported third-quarter operating revenues up 5.0 percent year-on-year to UD 33.2 billion, helped by its takeover of AOL from July and continued expansion in mobile and fibre customers. Excluding AOL, revenues rose 3.1 percent, and after also adjusting for disposals, Verizon expects full-year revenue growth to reach at least 3 percent in 2015. Operating profit rose to USD 7.5 billion from USD 6.9 billion a year ago, and EPS increased to 99 cents from 89 cents, impacted in part by a 5-cent charge for pensions accounting. Operating cash flow in the year to date rose to USD 28.4 billion from USD 23.2 billion a year earlier, helped by a gain of USD 2.4 billion on selling tower assets. After spending USD 12.5 billion on capital equipment in the first nine months, Verizon maintained its full-year budget at USD 17.5-18.0 billion, up slightly from last year.
Tags: growth
expansion
aol
verizon
Verizon resurrects zombie cookie, combines personal tracking with AOL network
2015-10-07 18:27:54| Extremetech
Verizon's "super cookie" is back, and better (worse) then ever.
Tags: personal
network
tracking
aol
Verizon's AOL to buy Millennial Media for about $250 million
2015-09-03 20:35:21| IT Services - Topix.net
Verizon Communications Inc.'s AOL Inc. agreed to buy mobile-ad company Millennial Media Inc. for about $250 million. The $1.75-a-share offer is a 31% premium to Millennial's price at Wednesday's close.
Verizon's AOL to buy Millennial Media for about $250 million
2015-09-03 18:47:20| Telecom - Topix.net
Verizon Communications Inc.'s AOL Inc. agreed to buy mobile-ad company Millennial Media Inc. for about $250 million. The $1.75-a-share offer is a 31% premium to Millennial's price at Wednesday's close.
AOL accelerates mobile push with Millennial Media buy
2015-09-03 16:49:00| Telecompaper Headlines
(Telecompaper) AOL is expanding its push into the mobile market with an agreed takeover of Millennial Media, a specialist in mobile advertising. AOL agreed to pay USD 1.75 per share common share for the company, a premium of about 31 percent compared to Millennial's closing price the day before the announcement. Founded in 2006, Millennial Media operates a mobile ad exchange, connecting advertisers to targeted audiences in apps and mobile publishers. The company will strengthen AOL's position on the mobile advertising market, also in several countries outside the US, and help its new parent company Verizon's push into the mobile video and content market. Millennial Media's most recent results for the second quarter showed a net loss of USD 15.5 million on revenues of USD 65.8 million, both slightly down on the year-earlier figures. The company claims to reach over 700 million monthly unique users globally, including 190 million in the US, and around 65,000 apps were registered on Millennial Media's platform as of the end of June. The acquisition by AOL is expected to close this autumn, pending regulatory approval.
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