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Verizon reports 2.1 million new subscribers in Q4 2012

Posted: , by Michael H.

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Verizon reports 2.1 million new subscribers in Q4 2012
Verizon's official Q4 earnings call isn't planned until January 22nd, but some of the info that is relevant to that quarter has already been given out. Verizon Chief Executive Officer, Lowell McAdam told a group of investors today that the carrier added 2.1 million new subscribers during the 4th quarter of 2012.

McAdam said that the rate of new subscribers is increasing, which is pretty good news. No word on the revenue side of things, but one thing that will be factored into the official earnings call is that Verizon is on the line for a $1 billion one-time charge related to Hurricane Sandy, and the damage taken to the infrastructure. Insurance will take care of 33% of that, but the rest will be factored into the earnings we'll hear in a couple weeks.

source: Reuters

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posted on 08 Jan 2013, 19:59 1

1. JunitoNH (Posts: 838; Member since: 15 Feb 2012)


I guess share everything plans weren't as disastrous as some expert predicted. Why should they lower their prices and/or bring back unlimited plans? Their ranks are growing every quarter.

posted on 08 Jan 2013, 20:22

2. lsutigers (Posts: 697; Member since: 08 Mar 2009)


The big 4 all took big self-insured losses for Hurricane Sandy infrastructure damage and most of it will be reflected in Q4 earnings.

posted on 08 Jan 2013, 22:03

3. Whateverman (Posts: 3187; Member since: 17 May 2009)


I was soooooo hoping that churn would go way up so maybe they would consider giving loyal customers our perks back, or at least some of them. Everything they've done in the last two years has one purpose, making us pay even more than we already pay. I like and need my unlimited plan, but I guess the 2 million new customers speak louder than the 100 million who are current customers.

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