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VZ » Topics » Wireless Continues to Lead Industry

This excerpt taken from the VZ 8-K filed Oct 29, 2007.

Wireless Continues to Lead Industry

Verizon Wireless extended its record of strong, industry-leading performance. It continues to be the largest domestic wireless company in total revenues, data revenues and retail customers.

In the third quarter:

 

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Nearly all of the 1.8 million retail net customer additions (including acquisitions and adjustments) were post-paid customers.

 

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Total customers (retail and wholesale) increased to 63.7 million. The company added 1.6 million total net customers after approximately 115,000 net reductions to the company’s wholesale base.

 

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Verizon Wireless continued its industry-leading customer loyalty, with 1.21 percent retail churn. Churn among retail post-paid customers at 0.96 percent was substantially lower.

 

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Revenues totaled $11.3 billion, up 14.4 percent. Service revenues were $9.7 billion, up 15.1 percent, driven by customer growth and demand for data services.

 

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ARPU levels (average monthly revenue per customer) were the company’s highest ever: $52.17 retail service ARPU, up 1.9 percent year over year; $10.59 retail data ARPU, up 42.9 percent.

 

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Wireless operating income margin was 27.1 percent, the company’s second highest. EBITDA margin on service revenues (non-GAAP) was 44.7 percent.

Verizon News Release, page 5

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