Jan 22 2013
08:53 am

Verizon announced $30 billion in 4th quarter revenues, including $20 billion for their wireless business which was up 9.5 percent year over year, and a net loss of $1.9 billion. The company cited restructuring and pension adjustment costs and Hurricane Sandy as contributing to the loss.

Verizon added 2.1 million new wireless connections in the 4th quarter for a total of 98.2 million retail connections, a 6.6% increase year over year. The company has 35.1 million retail wireless accounts, up 1.4% year over year, with an average of 2.6 connections per account, up 4.3%. Average revenue per account grew 6.6 percent year over year to $146.80 per month.

More than 58% of Verizon's wireless customers are now using smartphones, and nearly 89% of the U.S. population is now covered by 4G LTE.

Shares of VZ are off around 2% in pre-market trading following the announcement.

Verizon press release

Verizon 4th quarter financial statement


Post new comment

The content of this field is kept private and will not be shown publicly.
  • Lines and paragraphs break automatically.
  • Web page addresses and e-mail addresses turn into links automatically.

More information about formatting options

This question is used to make sure you are a human visitor and to prevent spam submissions.
Enter the characters shown in the image.

Upcoming events:

TN Progressive

TN Politics

Local Media Blogs

Shopper Columns

Local News

News Sentinel

Alt Weekly

State News

.GOV Updates

Wire Reports

Site Statistics

Last 7 days:
  • Posts: 17
  • Comments: 291
  • Visits: 8,184
  • Pageviews: 19,772
Last 30 days:
  • Posts: 78
  • Comments: 885
  • Visits: 33,039
  • Pageviews: 76,561