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


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