Verizon Wireless now up to 89 million customers

Verizon Wireless now up to 89 million customers
The nation's largest cellular carrier now has 89 million customers after reporting an increase of 1.2 million in the third quarter. The increase is net of acquisitions and adjustments. After the third quarter, Big Red now serves 86.3 million retail customers, up 25.4 percent over last year's figure at this time. Revenue rose 24.4% in the three months, churn remained low at 1.13%. Internet and data use rose sharply among Verizon customers as revenue for data rose 48.1%. Operating income margins were healthy at 28.3% and service revenue showed a margin of 46.1% EBITDA. These figures were released as Verizon reported its' consolidated third quarter earnings report. Bottom line figures for Wireless were not divulged. The fourth quarter should benefit from an expected strong holiday shopping season for the company as the carrier has a number of highly anticipated smartphones coming in the next few weeks including the BlackBerry Storm2, the Android powered Motorola Droid and the HTC Desire.

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source: Verizon

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65 Comments

1. LPFE42 unregistered

Then turn on SOME 3G in Clarksburg WV!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

2. vzw fanman

Posts: 1977; Member since: Dec 11, 2008

whenever i go through wv on my way to florida i always get extended network.

21. vzwtechbill

Posts: 175; Member since: Mar 16, 2009

move out of the sticks lol

41. Kiltlifter

Posts: 742; Member since: Dec 11, 2008

You are ignorant. VZW prides itself on having coverage everywhere and is the newest point of their marketing campaign. These people have the right to post their complaints. VZW can provide 3g wireless internet to places that people cannot even get landline phone services. VZW spends more on their network than anyone 5-6 billion/year for the past 6 years. Why isn't it there yet is the better question. But I would talk to your local congressmen/women as many times VZW cannot build towers becuase of stupid legislature that prevents then licensing rights as they are exclusive with local companies or Indian reservations.

47. Illyich

Posts: 167; Member since: Oct 13, 2009

Er... actually, AT&T has spent some 18 billion dollars on their network since last year.

50. Man_of_God

Posts: 32; Member since: Jan 27, 2009

I appreciate your comment. I think as a VZW employee you have somewhat of a limited view of your competitors. http://reviews.cnet.com/8301-12261_7-10371298-10356022.html Your biggest competitor spent over 20 billion last year according to their annual review. Also, is it stupid for Native Anericans to not want a cell tower on or near their property???? Other companies provide 3G wireless to rural areas as well. (even Cricket does that now)

59. Kiltlifter

Posts: 742; Member since: Dec 11, 2008

Subsidizing Apple for the low price of the iPhone doesn't count as investing in your network.

60. Kiltlifter

Posts: 742; Member since: Dec 11, 2008

But kdding aside, I am glad AT&T is fixing their network becuase then it means VZW will move to make sure they stay ahead. But on another note, if the executives were intelligent they would have been able to forsee the problem and there would have been an appropriate time-line where they could have spent, Just like vzw, 5-7 billion/year for the past few years rather than dumping 18 million in one year. What is the total dollar amount AT&T has invested into their network since 2002? VZW has done over 50 billion since they started in 2001 after the mergers. I would like to know the total before you jump down my throat.

61. Man_of_God

Posts: 32; Member since: Jan 27, 2009

You obviously have been getting your info from the VZW marketing / communications team. I found the info via ATT's annual report. I am sure that is public information if you research it. I'll throw this out there for you. CDMA requires less towers than GSM to cover the same area. Both networks are robust. Take the cost of leased lines running to each tower, power, and land agreements for all of those towers and you get an idea of some of the cost both spend.

3. CHEFJEFF

Posts: 147; Member since: Sep 22, 2009

If Verizon ever gets hold of the Iphone, what's gonna happen to poor AT&T? They will probably lose about 50% of their customers because the Iphone will finally work well on a better network.

4. artz1986

Posts: 453; Member since: Mar 11, 2009

...or not, thank's to V-CAST Music w/ Rhapsody

5. Trobes05

Posts: 106; Member since: Aug 01, 2009

It's sad how you got a -1 for saying something so true, Chefjeff

6. Iphoneisthesuck

Posts: 59; Member since: Oct 13, 2009

Lets think about this a moment. Lets just say that 2-3 million people move back to Verizon from ATT just to get an iphone that "will work". Dont you think that the increase in people will affect the network. I sure do, because Ive seen it happen...first hand. Big Red in the Big Apple will be a Big Drop Call area...just like it was with ATT. Its called network congestion and there is no way around it. The iphone is a network hog...thats why ATT is having the problems now. No network is perfect, ATT, Verizon, Sprint, T-Mobile.....none of the are perfect.

7. DOGIEFRESH

Posts: 316; Member since: Jul 15, 2009

That's so true....!!! But how do you make a bunch of rednecks understand that...?? Imposible.....!!! No matter the facts the fanboys will always say the iphone will do better on big red but let them dream their fantasy...!!!

8. steverunner

Posts: 6; Member since: Apr 11, 2008

I'm not sure if that's entirely true to say that network congestion is uncontrollable. No one likes to talk about it: but the two word solution which is working at most of the corporate networks that I manage are "packet shaping". CoS is also an alternative in some cases, but just because the number of nodes increases doesn't mean that there's a corresponding increase in load. Besides, I'm pretty sure Verizon's got it covered. AT&T? uhh, not so much :)

10. DOGIEFRESH

Posts: 316; Member since: Jul 15, 2009

With a CDMA network I don't think so....with LTE it will, but you can't do voice and data simultaneous in CDMA.....!!! the top speed in EVDO is 6 mbps compares to 21 mbps in HSPA, lets see what the fanboys got to say about it and what non sense lie they gonna post here....!!!

11. artz1986

Posts: 453; Member since: Mar 11, 2009

I don't think any network can fully handle the iPhone, Vzw might handle it a lil better than at&t, which is a given, seeing how they would have had a longer time to get their infrastructure at a good point, but the carrier would have problems... glad to see objective kids in here for once..

12. Iphoneisthesuck

Posts: 59; Member since: Oct 13, 2009

nothing wrong with being objective....

13. baileyboy

Posts: 18; Member since: Jan 06, 2009

Good thing VZW thought ahead, their data and voice are two different networks. Just because the data network is clogged does not mean the voice calls will drop. Think about it.

14. biggles

Posts: 269; Member since: Oct 15, 2009

I'd vastly prefer Verizon not clog up its CDMA network with the boring iphone. Save it for LTE.

15. YouLostTheGame

Posts: 441; Member since: Dec 11, 2008

None are perfect, but you HAVE to admit that some are better than others, and whether you want to admit it or not, CDMA tech allows for a seriously stable network. Not to mention that VZW invests of a BILLION dollars back into its network EACH QUARTER! So even if VZWs network suffered a bit a first, I'm sure they would recognize this, and UNLIKE ATT, fix it. ATT has just sat around over the course of the last few years reaping the "benefits" of having the iPhone; all while stringing their subsribers along on things like tethering, and lets not forget, MMS. These things have been offered with other carriers in different countries with the iPhone, so tell me why ATT has been such a dickfor to get these same elementary services with their iPhone.

16. DOGIEFRESH

Posts: 316; Member since: Jul 15, 2009

Dude make a little research CDMA use the same channel for voice and data your comment is very dumb....!!!

17. YouLostTheGame

Posts: 441; Member since: Dec 11, 2008

Those are nice numbers on paper, but not in actual real-world speeds. When it comes down to it, ATT currently are just slightly faster at best. And HSPA won't truly be a contender for a bit longer. Prolly when VZW has actually rolled out a substantial portion of it's new LTE network. And lets not forget about the tiny 22% call drop rate reported with the iPhone on ATTs network. With that kind of rating you don't need to worry about doing data and voice simultaneously, cuz you're only able to stay on a phone call for 78% of the time. Shame on ATT.

18. YouLostTheGame

Posts: 441; Member since: Dec 11, 2008

Why don't you do a little research and see who's network is actually more stable. LOL! And while your at it, maybe you can tell me more that I can already read on Wikipedia, of all places. Congrats you know a "fact".

20. Iphoneisthesuck

Posts: 59; Member since: Oct 13, 2009

Network stability is all point of view. Then network will never be the same...EVER...as it once was 5 mintues ago.

22. vzwtechbill

Posts: 175; Member since: Mar 16, 2009

Prob won't see a CDMA Iphone, ever. But, LTE will introduce VoiP processing of calls for VZW, allow GSM based phones, unlock a world of possibilities....

24. mthoren68

Posts: 66; Member since: Sep 21, 2009

If 3 million people move to VZW for the iPhone, that would be an increase of 3.4%. That is manageable for a network like Verizon's that has been maintained well and continually enhanced. AT&T had cruddy call quality and reception before anyone ever heard of the iPhone. AT&T has been lacking in this area for years and years. Using the iPhone as an excuse is just that - an excuse. Over the past few years, all carriers have experienced exponential growth in data traffic as more and more people get smartphones and use text messaging. Verizon has managed to handle that growth just fine. It could handle another 3.4% no problem.

26. DOGIEFRESH

Posts: 316; Member since: Jul 15, 2009

Who cares if VZW has more towers and coverage than AT&T....?? Only you the fanboys so you have something to bitch about......!!! We have the Iphone and you craving to see it with the big red....we having fun with it......VZW is showing too much desperate with those middle grade comercials......!! We getting the benefits from a criying bitches like you a morom fanboy who never gonna understand that CDMA lost the battle with HSPA....!!! If you don't wanna believe anybody ask the big red owner (Vodafone) Why they choose HSPA and not the 90's Redneck CDMA.....!!!!

28. mthoren68

Posts: 66; Member since: Sep 21, 2009

Who cares about towers and coverage? Um, I don't know, maybe people who want to be able to use their phones to the full extent? Yeah I have VZW. Yeah I'd like to have an iPhone. No I'm never going to switch to AT&T to get one. Just like millions of others, according to AT&T's own surveys. If CDMA lost the battle, then how come VZW has grown to 89 million customers? Better tell them they are wasting their time and should just go ahead and shut down, right? You'd be saving them a lot of wasted effort since they've already lost the battle, right? Have fun humping your Steven Jobs doll tonight.

29. remixfa

Posts: 14605; Member since: Dec 19, 2008

the iphone is no more of a network hog than a corperate BB that gets good use or an android phone. the problem is BANDWITH and # of towers, neither of which VZW has such a problem as ATT. you could release the new storm, 5 androidphones, and an iphone at the same time, have most people switch, and still have less problems than ATT. The network is just set up better.

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