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Verizon reports strong growth in Q4 2009 earnings report

Verizon reports strong growth in Q4 2009 earnings report

Posted: 26 Jan 2010, 09:27, by John V.

Categories: Verizon Verizon Bookmark

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Verizon reports strong growth in Q4 2009 earnings report

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The number one wireless carrier in the country is still chugging along looking extremely healthy amidst fierce competition and when most of the country is still walking off the economic downturn. They’re growing at a decent pace which doesn’t look like they’ll be relinquishing their titles as number one after they reported their Q4 2009 earnings report. Verizon Wireless, which is owned by Verizon Communications and Vodafone, reported revenues of $13.2 billion; which equates to a 22.5 percent increase over the same period last year. Those figures were aided by the estimated 2.2 million total net customer additions in the quarter which also includes the 1.2 million new retail customers. Although gaining more customers is a good thing, it’s actually countering the fall of its average monthly service revenue per user (ARPU) – it decreased 2.2 percent versus last year to $50.75. Standing at a staggering 91.2 million customers, a 26.6 percent increase from its fiscal 2008 report, Big Red’s recent campaigns against AT&T helped aid their wireless division in performing extremely well. Unfortunately the same cannot be said about the other divisions; Verizon as a whole reported a $653 million net loss for the quarter.

source: Verizon via Mobileburn

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1. ICanAffordVZW posted on 20 Oct 2010, 01:44 0 0

Why do they charge ETF's again? $653M loss in Q4 alone... (this post is very sarcastic if you didnt pick that up)

2. testman22 posted on 26 Jan 2010, 11:00 0 0

because they sell the phones $300 less than the manufacturers are charging for them. if you don't want an etf than pay full retail

3. Mateo8326 posted on 26 Jan 2010, 12:40 0 0

ok so what the point of this article there telling us verizon doing good but bad at the same time, i'm confused

4. reemee_ninja posted on 26 Jan 2010, 12:55 0 0

no no no, the point of the article was to tell you about how Verizon WIRELESS did in Q4. that blurb on the end about Verizon Telecom, which is the entire business under the name Verizon ie-VZW, VZ Communications and Vodaphone, reported a net loss. So even though Verizon Wireless did well, it wasn't enough to counter the losses from the other sides of the whole company.

5. n0gar2 posted on 26 Jan 2010, 12:58 0 0

VZW considers itself a "premium" cell provider. I guess that is bullshit novice marketing to say this is why we are expensive.

9. corporateJP posted on 26 Jan 2010, 21:46 0 0

You get what you pay for. Old adage.

6. vladimvp1 posted on 26 Jan 2010, 16:13 0 0

Verizon doing well , the main reason, they have the most expensive data plan,the have the most expensive ETF. they'R just OVERATED.

7. BigRed83 posted on 26 Jan 2010, 17:17 0 0

If you strongly object to getting what you pay for (which is the name of the game), try Boost mobile for a month. See if you're still happy... I have used all carriers except for T-Mobile, and the regional carriers. I stay with Verizon because I need my devices to work, period. Are they more expensive? Yes. Is the ETF such a big deal if you plan on staying in your contract? Not to me. I'm aware than Verizon makes their money back on the subsidized pricing via the data plans and the calling plans themselves. Again, if you object, there are other players out there if your needs aren't national and you don't require data performance. Heck, some people still have landlines, even, and dial-up modems.

11. lsutigers posted on 29 Jan 2010, 19:27 0 0

That whole thing about Boost may been true at one point but Boost/Nextel and the iDEN network are ROCK SOLID. Our company just switched all of our phones from VZW to a cobmination of Sprint and Nextel phones and not only is the Sprint service as good as VZW's, Nextel's service which runs on iDEN,(same as Boost) is amazingly reliable too. So, instead of saying " I stay with Verizon because I need my devices to work, period", assuming everything else is junk, realize that both the SPrint and Nextel network ARE rock solid.

8. corporateJP posted on 26 Jan 2010, 21:45 0 0

Love how people are still going mad about ETF's. Guess what? You signed a contract. Get over it, use your service. Dude's tripping because they can't flip Droids on Ebay like they were iPhones. Get over that, too.