Following the acquisition of Alltel, Verizon Communications said it revenue grew 12% year-on-year to 26.6 billion US dollars in the first quarter of 2009. If the acquisition had occurred on January 1, 2008, revenue growth for Alltel and Verizon combined would have been 3%.
Verizon Wireless' data revenue in the first quarter was 3.6 billion US dollars, up 37% on a like-for-like basis from the first quarter 2008. Verizon Wireless said that 58% of its data revenue was from non-messaging services.
During the quarter, Verizon Wireless 86.6 million customers sent or received more than 127 billion text messages, sent nearly 2.1 billion picture/video messages and completed 48.6 million music and video downloads.
Verizon's Wireline business recorded a 14% increase in consumer ARPU thanks to adoption of its premium fibre-optic broadband and television services. Capital expenditures totaled 3.7 billion US dollars in the quarter down from 4.2 billion in the same period a year ago. source: Verizon statement