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VZ » Topics » Verizon Wireless Leads Industry in Key Metrics

This excerpt taken from the VZ 8-K filed Apr 28, 2008.

Verizon Wireless Leads Industry in Key Metrics

Verizon Wireless continued to lead the industry with the most retail customers, the lowest churn and the highest profitability. In the first quarter:

 

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Of the 1.5 million total net customer additions, 1.3 million were retail post-paid customers.

 

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Total churn was an industry-leading 1.19 percent. Among the company’s retail post-paid customers, churn was even lower, at 0.93 percent.

 

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Revenues totaled $11.7 billion, up 13.2 percent year over year. Service revenues were $10.1 billion, an increase of 12.8 percent year over year, driven by customer growth and demand for data services. This is the first time quarterly service revenues have topped $10 billion.

 

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ARPU levels (average monthly revenue per customer) increased year over year for the eighth consecutive quarter. Retail service ARPU was $51.40, up 1.3 percent year over year; retail data ARPU was $11.94, up 33.4 percent over the same period last year.

 

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Wireless operating income margin was 27.9 percent, the highest ever.

 

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EBITDA margin on service revenues (non-GAAP) was 44.9 percent. (EBITDA is earnings before interest, taxes, depreciation and amortization.)

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