Send us Feedback

Verizon Communications (VZ)
Analysis
SUMMARY
BULLS
BEARS
TOPICS
Data
DATA CENTRAL
STOCK CHART
Financials
SEC FILINGS
BALANCE
INCOME
CASH FLOW

VZ » Topics » Wireline Highlighted by Growth in Consumer Markets

This excerpt taken from the VZ 8-K filed Jul 27, 2009.

Wireline Highlighted by Growth in Consumer Markets

Verizon’s Wireline segment reported continued strong growth in the number of new customers of fiber-optic-based FiOS Internet and FiOS TV services, and continued increased revenues from enterprise strategic services. In the second quarter:

 

  •  

Verizon added 303,000 net new FiOS Internet customers, a record number for the second consecutive quarter. By the end of the second quarter, the company had 3.1 million FiOS Internet customers, an increase of 56.1 percent compared with June 30, 2008.

 

  •  

FiOS Internet sales penetration (sales as a percentage of potential customers) increased to 28.1 percent, compared with 23.5 percent at June 30, 2008. FiOS Internet was available for sale to 11.0 million premises by the end of the quarter.

Verizon News Release, page 5

 

  •  

Verizon added 300,000 net new FiOS TV customers. The company had 2.5 million FiOS TV customers by the end of the quarter, an increase of 82.1 percent compared with June 30, 2008.

 

  •  

FiOS TV sales penetration increased to 24.6 percent, compared with 19.7 percent as of June 30, 2008. FiOS TV service was available for sale to 10.3 million premises by the end of the quarter.

 

  •  

Consumer broadband and video revenues in wireline mass markets (which include both consumer and small-business customers) totaled more than $1.3 billion in the second quarter 2009 -- representing growth of 31.5 percent compared with the second quarter 2008. This increase contributed to 2.0 percent revenue growth in consumer markets served by Verizon’s wireline network.

 

  •  

Revenue growth from broadband and video services boosted consumer ARPU to $72.59 in the second quarter 2009, a 13.7 percent increase year over year. FiOS ARPU remained strong at more than $135.

 

  •  

Sales of strategic business services -- such as IP (Internet protocol), managed services, Ethernet and security solutions -- generated $1.5 billion in revenue in the quarter, up 3.0 percent from the second quarter 2008.

Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki