Verizon’s Numbers January 29, 2007
Posted by chetan in : General , trackbackVZ reported strong numbers though for the first time in many quarters, Cingular surged ahead with most number of Net adds. However, Cingular’s net adds have a good percentage of pay as you go subs while Verizon’s were mostly post paid. Highlights:
- Service revenues (which do not include taxes and regulatory fees) were $8.7 billion for the fourth quarter 2006, up 16.9 percent year-over-year.
- For the third consecutive year, data services revenues doubled over the previous year, contributing $4.5 billion in revenues in 2006. In the fourth quarter, data revenues were 15.8 percent of all service revenues, up from 9.8 percent in the fourth quarter of 2005. Data service ARPU in the fourth quarter increased by 63 percent over the year-ago quarter. The company had 34.3 million retail data customers in December — a 44 percent increase over fourth quarter 2005.
- The company’s continued expansion of its national 3G EV-DO high-speed data network, and a leading lineup of business and consumer devices, drove growth in revenues from data services. During the fourth quarter, Verizon Wireless extended its wireless broadband network reach to new areas in more than 30 states across the country, making it available to more than 200 million Americans. At the end of the fourth quarter, one-third of the company’s retail customers — 18.8 million — had broadband-capable devices, including phones, PDAs, BlackBerries and laptop PC cards.
- In early January, Verizon Wireless announced that it plans to launch V CAST Mobile TV later in the first quarter of 2007. V CAST Mobile TV, expected to be the first true mobile TV service in the nation, will feature the best of broadcast and cable television with live content and other programming 24 hours a day from many of the world’s best-known entertainment brands, including CBS Mobile, Comedy Central, Fox Mobile, MTV Mobile, NBC News, NBC Entertainment and Nickelodeon.
- Data ARPU climbed to $7.91 or 15.8% of the service revenue. Interestingly, 1/3rd of the revenue is from business applications.
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