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VZ » Topics » Wireline Reports Strong Growth in FiOS, Strategic Services

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

Wireline Reports Strong Growth in FiOS, Strategic Services

Verizon’s Wireline business, which includes Verizon Telecom and Verizon Business, reported continued strong growth in customers of FiOS fiber-optic services and sales of strategic services to enterprise customers.

In the third quarter:

 

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Verizon added a net of 202,000 new FiOS TV customers. The company has 717,000 FiOS TV customers in total, with approximately 600,000 added within the past 12 months. Including satellite TV customers served in partnership with DIRECTV (a net of 85,000 added this quarter), Verizon has more than 1.5 million video customers.

 

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Verizon added a net of 285,000 new broadband connections (DSL and FiOS Internet connections combined). Broadband connections totaled 8.0 million, an increase of 21.3 percent compared with the third quarter 2006. The company added a net of 229,000 FiOS Internet connections this quarter, for a total of 1.3 million.

 

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ARPU in legacy Verizon wireline markets (which excludes former MCI consumer markets) increased 10.8 percent to $58.79, compared with last year’s third quarter. This increase was due to strong demand for broadband and TV services.

 

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Wireline operating income margin rose to 9.4 percent, compared with 8.8 percent in last year’s third quarter.

 

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Verizon Business had revenues of $5.3 billion, or growth of 2.2 percent compared with last year’s third quarter on an adjusted basis (non-GAAP). This is Verizon Business’ fourth consecutive quarter of year-over-year, pro-forma revenue growth (non-GAAP, calculated as if Verizon and MCI had merged on Jan. 1, 2005).

Verizon News Release, page 6

 

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Strong sales of key strategic services — such as IP (Internet protocol), managed services, Ethernet and optical ring services — continued to drive Verizon Business’ growth. These services generated $1.4 billion in revenue, up 28.6 percent from last year’s third quarter.

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