Verizon climbs the money tree

Verizon climbs the money tree
In a press release today, Verizon Wireless published its economic results for 2008 and it seems that the current economic environment doesn’t have a bad influence on the Big Red at all. The company has reported its income results for Q4 2008, as well as for the whole year, demonstrating a 3.4% growth for Q4 2008, increasing to $24.6 billion, compared to $23.8 billion for the fourth quarter of 2007. Verizon’s annual operating revenues for 2008 count $97.4 billion, which is an increase of 4.2%, compared to 2007.

It has become obvious that the rest of the carriers are up for a challenge, but will the Big Red be that resourceful throughout 2009 as well? It remains to be seen.

source: Verizon

FEATURED VIDEO

Latest Stories

This copy is for your personal, non-commercial use only. You can order presentation-ready copies for distribution to your colleagues, clients or customers at https://www.parsintl.com/phonearena or use the Reprints & Permissions tool that appears at the bottom of each web page. Visit https://www.parsintl.com/ for samples and additional information.
FCC OKs Cingular's purchase of AT&T Wireless