Verizon Communications (VZ)

At the end of 2009, retail customers (postpaid and prepaid) represented 96 percent of the company’s base. Verizon Wireless is the nation’s largest wireless provider based on total customers.

Verizon Wireless continued to lead the industry in cost efficiency. Monthly cash expense per customer (non-GAAP) increased in the fourth quarter 2009 to $27.62 from $26.77 in the fourth quarter 2008 on a pro forma basis. For the full year, cash expense per customer was $27.49, unchanged from 2008 on a pro forma basis.

Data revenues of $16.0 billion for the full year were up 31 percent over 2008 on a pro forma basis. In the fourth quarter, data revenues were 31.9 percent of all service revenues, up from 26.5 percent in the fourth quarter 2008 on a pro forma basis.

Verizon Wireless continued to extend the reach of its broadband network, the nation’s largest and most reliable 3G (third-generation) network. Verizon’s 3G network provides more coverage than any other U.S. carrier and is available where more than 285 million people reside.

In December, the company updated specifications for wireless devices that will run on its LTE 4G (Long Term Evolution, fourth generation) network, which ultimately will connect a full range of electronics and machines, and enable a new class of services, such as online gaming, media sharing and video entertainment. Verizon Wireless plans to launch its 4G

network in 25 to 30 markets in 2010 and cover virtually all of its current nationwide 3G footprint by the end of 2013.

As part of its strategic partnership with Google, Verizon Wireless introduced two Android-based devices in November: the DROID by Motorola and the DROID Eris by HTC. Other 3G smartphones launched during the fourth quarter include the BlackBerry Storm2 and BlackBerry Curve 8530, both with built-in Wi-Fi, and the Samsung Omnia II powered by Windows Mobile 6.5.

During the fourth quarter, Verizon Wireless customers sent or received more than 162 billion text messages. Customers also sent more than 4 billion picture/video messages and completed more than 38 million music and video downloads.

At the end of the third quarter 2009, retail customers (postpaid and prepaid) represented nearly 97 percent of the company’s customer base.

Verizon Wireless continued to lead the industry in cost efficiency. Monthly cash expense per customer (non-GAAP) decreased in the third quarter 2009 to $27.52, from $28.42 in the comparable period in 2008 on a pro forma basis.

In the third quarter, data revenues grew to 30.5 percent of all service revenues, up from 25.1 percent in the third quarter 2008 on a pro forma basis.

Verizon Wireless continued to extend the reach of its broadband network, the nation’s largest and most reliable 3G (third-generation) network. Verizon’s 3G network provides more coverage than any U.S. carrier and is available to approximately 284 million people.

Verizon Wireless marked a significant milestone in its LTE network deployment plans in August with the successful completion of the first LTE 4G (Long Term Evolution, fourth generation) test data calls over its 700 MHz spectrum in Boston and Seattle. The company also released updated specifications for wireless devices that will run on the LTE network. Verizon Wireless plans to offer commercial LTE-based service in the U.S. in 2010 in up to 30 markets.

Verizon Wireless and Google have announced a strategic partnership that will leverage the Verizon Wireless network and the best of the Android open platform to deliver leading-edge mobile applications, services and devices. As a result of this agreement, consumers will have access to an array of products that combine the speed of the nation’s largest and most reliable 3G network with the flexibility of the Android mobile platform. Verizon Wireless expects to launch two Android-based devices before the end of the year.

The company continued to roll out new devices, including the HTC Touch Pro2, a 3G global smartphone; the Samsung Rogue, with a full-touch display, QWERTY keyboard and one-touch access to popular social networking widgets; and the Nokia 7705 Twist, featuring a unique, swivel-open square shape.

During the third quarter, Verizon Wireless customers sent or received more than 153 billion text messages. Customers also sent more than 2.8 billion picture/video messages and completed nearly 38 million music and video downloads.

At the end of the second quarter 2009, retail customers (postpaid and prepaid) represented 97 percent of the company’s customer base.

Verizon Wireless continued to lead the industry in cost efficiency. Monthly cash expense per customer (non-GAAP) increased slightly in the second quarter 2009 to $27.42, from $27.35 in the comparable period in 2008 on a pro forma basis.

In the second quarter, data revenues grew to 29.3 percent of all service revenues, up from 24.0 percent in the second quarter 2008 on a pro forma basis.

Verizon Wireless continued to extend the reach of its broadband network, the nation’s largest and most reliable 3G (third generation) network, which now covers approximately 284 million people.

Verizon Wireless is on schedule to offer the first commercial LTE-based service in the U.S. in 2010, having released an initial set of technical specifications for devices to run on its LTE 4G (Long Term Evolution, fourth generation) network in April and hosted a Web conference for device developers in May. On Tuesday, July 28, Verizon Wireless will host a Verizon Developer Community conference and webcast to facilitate application development for use on the Verizon Wireless 3G and 4G networks.

Verizon Wireless introduced the MiFi 2200 Intelligent Mobile Hotspot and the HP Mini 1151NR Netbook during the second quarter. The MiFi 2200 lets customers create a personal Wi-Fi cloud to share access to the Verizon Wireless high-speed 3G network with up to five Wi-Fi enabled devices, such as notebooks, netbooks and gaming devices. With the HP Mini Netbook, customers can access the Internet, use e-mail and browse the Web in the U.S. and more than 175 destinations worldwide. Earlier this month, Verizon Wireless launched the highly anticipated global BlackBerry Tour, the latest in the company’s portfolio of 3G smartphones.

During the second quarter, Verizon Wireless customers sent or received nearly 146 billion text messages. Customers also sent more than 2.5 billion picture/video messages and completed 40 million music and video downloads during the quarter.

At the end of the first quarter 2009, retail customers (postpaid and prepaid) represented 97 percent of the company’s base.

Verizon Wireless continued to lead the industry in cost efficiency. Monthly cash expense per customer (non-GAAP) decreased in the first quarter 2009 to $27.38, from $28.05 in the comparable period in 2008.

In the first quarter, data revenues were nearly 28.0 percent of all service revenues, up from 23.0 percent in the first quarter 2008.

Verizon Wireless continued to extend the reach of its broadband network, which is the nation’s largest and most reliable 3G (third generation) network, now covering approximately 281 million people.

In February, Verizon Wireless selected Ericsson and Alcatel-Lucent as vendors to supply the infrastructure that will enable the company to become the first wireless company to offer commercial LTE-based service in the U.S., starting in 2010. Field trials are under way.

In a move that gives consumer and business customers greater value and more control over how they use their plan minutes, the company introduced Friends & Family, which lets customers identify any five or 10 wireless or landline numbers as a calling group. Minutes used when placing or receiving calls to anyone in the Friends & Family calling group will not count against customers’ plan minutes.

During the quarter, Verizon Wireless customers sent or received an average of 1.4 billion text messages each day, totaling more than 127 billion text messages in the first quarter. Customers also sent nearly 2.1 billion picture/video messages and completed 48.6 million music and video downloads during the quarter.

The Alltel acquisition expanded the Verizon Wireless network to cover nearly the entire U.S. population and made Verizon Wireless the nation’s largest carrier in terms of total customers — in addition to its traditional position of being the leading carrier in terms of retail customers, revenues and margins.

At the end of 2008, retail customers (postpaid and prepaid) represented 97 percent of the company’s base.

Verizon Wireless continued to lead the industry in cost efficiency. Monthly cash expense per customer (non-GAAP) decreased in the fourth quarter and for the full year to $27.29 and $28.12 in 2008 from $28.75 and $28.24 in 2007, respectively.

Data revenues of $10.7 billion for the full year were up 44 percent over 2007. In the fourth quarter, data revenues were 26.8 percent of all service revenues, up from 21.3 percent in the fourth quarter 2007. Verizon Wireless had 55.1 million retail data customers at year-end — 79 percent of the retail customer base and a 16.8 percent increase over year-end 2007.

More than 65 percent of the company’s retail customers — 45.5 million — had 3G broadband-capable devices by year-end. The company continued to extend the reach of the nation’s largest and most reliable 3G (third generation) network, which now covers more than 274 million people after the Alltel acquisition.

Customers across the country lined up to purchase the new BlackBerry Storm, available exclusively in the U.S. from Verizon Wireless and launched in November. Designed for both consumers and business customers, the BlackBerry Storm offers customers the reliability of the Verizon Wireless 3G network and the full power of a revolutionary touch-screen, multimedia smartphone with global connectivity.

Verizon Wireless, with the most global data coverage of any U.S. wireless carrier, received top honors during the quarter for its global services and international solutions that help travelers stay connected around the globe. Readers of Global Traveler magazine selected Verizon Wireless as the world’s best wireless service provider for the second consecutive

year. Business Traveler magazine readers chose Verizon Wireless as the world’s best wireless data service provider in the 2008 “Best in Business Travel” awards.

During the quarter, Verizon Wireless customers sent or received more than 90 billion text messages — more than double the number of text messages sent in the same period a year ago. Customers also sent 1.8 billion picture/video messages and completed 50 million music and video downloads during the quarter.

Verizon Wireless completed its purchase of Rural Cellular on Aug. 7, 2008. The acquisition will expand the company’s network coverage to many rural markets around the country.

At the end of the third quarter, 97 percent of the company’s base was retail (post-pay and pre-pay) and 93 percent was retail post-pay.

Verizon Wireless continued to lead the industry in cost efficiency. Cash expense per customer per month (non-GAAP) was $29.12 in the third quarter 2008, an increase of 1.7 percent over the third quarter 2007 and 3.9 percent from the second quarter 2008.

Data revenues grew 42.5 percent over the prior year, to $2.8 billion. The company had 52.6 million retail data customers in September (approximately three-quarters of its retail base), a 25.3 percent increase over the prior year.

The company continued to extend the reach of its nationwide wireless broadband network to make the nation’s largest and most reliable 3G (third-generation) network available to a greater number of Americans — more than 260 million at the end of the third quarter. More than 60 percent of the company’s retail customers — 43.2 million — had 3G broadband-capable devices at the end of the quarter.

To offer customers both the reliability of Verizon Wireless’ 3G network and the full power of a revolutionary touch-screen, multimedia smartphone, Verizon Wireless announced the BlackBerry Storm will be available later this fall. Designed for both consumers and business customers, the BlackBerry Storm offers the dependability of the BlackBerry platform; global connectivity; and premium services and features, such as Web browsing, music and video, turn-by-turn satellite navigation, messaging and social networking. The Blackberry Storm will be sold exclusively by Verizon Wireless in the U.S. and by Vodafone in Europe, India, Australia and New Zealand.

Since the end of the second quarter, the company introduced two new rugged phones — the G’zOne Boulder and the Motorola Adventure V750. These are designed to withstand extreme conditions and provide access to Verizon Wireless’ Push to Talk service — a fast, two-way communication that instantly connects customers to co-workers and leverages the high speeds of the company’s EV-DO (Rev.A) network. Other devices included new multimedia handsets by LG — the Dare and the Chocolate 3 — and the Samsung Knack for customers who want simple features and functionality.

During the quarter, Verizon Wireless customers sent or received more than 80 billion text messages and nearly 1.5 billion picture/video messages. Customers also completed 43 million music and video downloads.

Through a five-year agreement announced earlier this year, Qwest Communications began selling Verizon Wireless products and services to residential and business customers in its residential service area.

The company has the most retail customers in the industry. At the end of the second quarter, 97 percent of the company’s base was retail (post-pay and pre-pay).

Verizon Wireless continued to lead the industry in cost efficiency. Cash expense per customer (non-GAAP) was $28.02 in the second quarter 2008, an increase of 1.2 percent over the second quarter 2007 and a decrease of 0.1 percent from the first quarter 2008.

Data revenues grew 45.3 percent over the prior year, contributing nearly $2.6 billion. The company had 49.6 million retail data customers in June (approximately three-quarters of its retail customer base), a 25.6 percent increase over the prior year.

Building on the success of its first Open Development Initiative (ODI) conference held in March, Verizon Wireless during the second quarter certified the first device for use on its network under ODI. Provided by SupplyNet Communications, the device is a machine-to-machine wireless inventory telemetry system to monitor inventories at customer locations and send alerts when set levels are reached.

The company continued to extend the reach of its nationwide wireless broadband network. This is the nation’s largest and most reliable 3G (third generation) network, and it was available to more than 256 million Americans by the end of the second quarter. More than 60 percent of the company’s retail customers — 40.5 million — had 3G broadband-capable devices at the end of the quarter.

To continue to meet demand for broadband devices, Verizon Wireless launched the BlackBerry Curve 8330, the Moto Q 9c and the Palm Centro for business connectivity and productivity. The company also announced the availability of three new multimedia handsets by LG: the Dare, featuring an all-touch screen operation; the Decoy, the world’s first phone with a built-in detachable Bluetooth headset; and the Chocolate 3, the latest version of the iconic music phone. In addition, in the second quarter, the company launched the Glyde by Samsung, the Motorola w755 and the Nokia 6205 (The Dark Knight Edition).

During the quarter, Verizon Wireless launched V CAST Music with Rhapsody, a monthly subscription service combining the company’s world-class mobile music service with Rhapsody’s leading desktop music solution, which delivers unlimited access to music on select wireless phones and players, and online on PCs, for $14.99 a month.

During the quarter, Verizon Wireless customers sent or received nearly 70 billion text messages and 1.4 billion picture/video messages. Customers also completed 36.5 million music and video downloads.

The company added 1.5 million retail customers — the most in the industry. At the end of the first quarter 2008, 97 percent of the company’s base was retail (post-pay and pre-pay).

Verizon Wireless continued to lead the industry in cost efficiency. Cash expense per customer (non-GAAP) was $28.05 in the first quarter 2008, an increase of 0.6 percent over the first quarter 2007 and a decrease of 2.4 percent from the fourth quarter 2007.

Total data revenues were up 48.9 percent over the prior year, contributing $2.3 billion. The company had 48.1 million retail data customers in March (nearly 74 percent of the retail customer base), a 33.8 percent increase over the prior year.

In March, Verizon Wireless held its first Open Development Initiative (ODI) conference to provide minimum technical standards required for creating products that can physically connect to the Verizon Wireless network, and a process to certify that these products will operate on the company’s network. Plans call for customers to have the option to use products and services certified through the ODI process by the end of the year.

The company continued to extend the reach of its nationwide high-speed wireless broadband network, powered by EV-DO Revision A (Rev. A) technology, which was available to more than 240 million Americans by the end of the first quarter. More than 58 percent of the company’s retail customers — 38 million — had broadband-capable devices at the end of the quarter.

In the 700 MHz auction, Verizon Wireless was the winning bidder for a nationwide spectrum footprint in the C-Block group of licenses, as well as 102 licenses for individual markets across the country. The spectrum purchase is a critical piece of the company’s overall broadband strategy.

During the quarter, Verizon Wireless announced additions to its leading lineup of broadband-capable devices — for business connectivity and productivity, managing family schedules and communications on the move, and for mobile entertainment. The new smartphones include the BlackBerry Curve and the MotoQ9c, available in May, and the XV 6900, which launched earlier this month. New handsets include the enV 2 by LG and the Alias by Samsung. Verizon Wireless offers some 25 multimedia phones at various price points.

During the quarter, Verizon Wireless customers sent or received more than 58 billion text messages and 1.1 billion picture/video messages. Customers also completed 34.6 million music and video downloads.

At the end of 2007, 97 percent of the company’s customer base was retail (post-paid and pre-paid).

Verizon Wireless continued to lead the industry in cost efficiency. Cash expense per customer (non-GAAP) increased slightly in the fourth quarter and for the full year to $28.75 and $28.24 in 2007 from $28.46 and $27.76 in 2006, respectively.

Total data revenues of $7.4 billion for the full year were up 65 percent over 2006. In the fourth quarter, data revenues were 21.3 percent of all service revenues, up from 15.8 percent in the fourth quarter 2006. The company had 47.2 million retail data customers in December — 74 percent of the retail customer base and a 37 percent increase over the prior year.

The company made two major strategic announcements, setting the stage for the next level of innovation and growth in wireless: Verizon Wireless announced that it will provide customers the option to use, on its nationwide wireless network, wireless devices, software and applications not offered by the company. The company plans to have the new option available to customers throughout the country by year-end and will host an Open Development Conference for device developers in March. Verizon Wireless also announced plans to develop its fourth-generation mobile broadband network using Long Term Evolution (LTE) technology, with trials beginning this year.

Verizon Wireless continued to extend the reach of its nationwide high-speed wireless broadband network, powered by EV-DO Revision A (Rev. A) technology, making it available to more than 240 million Americans by year-end. More than half of the company’s retail customers — 35 million — had broadband-capable devices by year-end.

The company continued to introduce additional broadband-capable devices, designed for business and personal productivity, including the first EV-DO BlackBerry Pearl, the 8130; a new roster of PDAs and smartphones, such as the Samsung SCH-i760 and the Palm Treo 755p, as well as the Kyocera KPC680 ExpressCard and the UM 150 USB wireless modem. New music-capable phones launched in the quarter include the Venus and Voyager by LG. Verizon Wireless offers some 25 multimedia phones — at various price points — that can download music over the air and surf the Web wirelessly at broadband speeds.

During the quarter, Verizon Wireless customers sent or received nearly 45 billion text messages and 927 million picture/video messages. Customers also completed nearly 30 million music and video downloads.

The company added 1.8 million retail customers — the most in the industry. More than 97 percent of the company’s customer base was retail.

Verizon Wireless continued to lead the industry in cost efficiency. Cash expense per customer (non-GAAP) was $28.62, an increase of 2.8 percent over the similar period in 2006 and 3.3 percent over second quarter 2007.

Total data revenues were up 63.4 percent over the prior year, contributing $2.0 billion or 20 percent of all service revenues in the quarter. The company had 42.0 million retail data customers in September — a 35.6 percent increase over the prior year and up 6.2 percent sequentially.

Verizon Wireless continued to expand the size of its nationwide high-speed wireless broadband network, powered by EV-DO Revision A (Rev. A) technology, making it available in additional cities. At the end of the quarter, more than half of the company’s retail customers — 32 million — had broadband-capable devices.

The company unveiled several best-in-class music-capable phones that will be available for the 2007 holiday season, including the Juke by Samsung, the Venus and the Voyager by LG, and the BlackBerry Pearl. Verizon Wireless offers some 25 multimedia phones — at various price points — that can download music over the air and surf the Web wirelessly at broadband speeds.

For business customers, Verizon Wireless began offering the industry’s first USB wireless broadband modem and the smallest EV-DO Rev. A modem stick with up to 4GB of data storage capacity. The company also introduced Verizon Wireless Private Network, a secure turnkey network solution that gives greater security to enterprise customers who routinely send proprietary information using Verizon Wireless PC cards, PDAs and smartphones.

During the quarter, Verizon Wireless customers sent or received 36.5 billion text messages and 721 million picture/video messages. Customers also completed 29.7 million music and video downloads.