telecommunications — english language news service
29.07.2008« [telecommunications — телекоммуникация — telekommunikation]
usa — verizon results boosted by wireless – again
Verizon Communications has reported an 11.9% rise in second-quarter net profits to USD1.88 billion as its wireless subsidiary continues to make up for poor performances in the wireline business. Revenues for the three months to the end of June rose 3.6% from USD23.27 billion in 2007 to USD24.12 billion this year. Both the wireless and the wireline units reported quarterly sales of around USD12.1 billion, but the fortunes of the two divisions were very different; while cellular service revenues were up 11.8% year-on-year, with 1.5 million net new customers added in the second quarter, sales at the fixed line unit declined 1.8% and the total number of switched access lines fell 8.5% to 38.3 million. ADSL customer numbers dropped by 133,000, though this was compensated for by the net addition of 187,000 new broadband internet customers on Verizon’s high speed FiOS fibre networks. ‘Verizon continued to grow in all key strategic areas in the second quarter, despite the economic headwinds,’ said Verizon Chairman and CEO Ivan Seidenberg.
Source: TeleGeography's CommsUpdate
See also:
