Tue
Jan 22 2013
07:53 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

48
like

TN Progressive

TN Politics

Local Media Blogs

Shopper Columns

Local TV News

News Sentinel

Alt Weekly

State News

Local .GOV

State .GOV

Wire Reports

Lost Medicaid Funding

To date, the failure to expand Medicaid/TennCare has cost the State of Tennessee ? in lost federal funding. (Source)


Monthly archive