About this weblog

What you need to know: This weblog captures key data points about the global telecoms industry. I use it as an electronic notebook to support my work for Pringle Media.

Friday, July 23, 2010

Verizon's Sales Slip Slightly

Dragged down by a 3.3% fall in wireline revenues, Verizon Communications said its total operating revenues were 26.8 billion US dollars in the second-quarter of 2010, a decrease of 0.3% compared with the second quarter of 2009. Wireless data revenues increased to 34.5% of all wireless service revenues, up from 29.3% in the second quarter 2009.

Verizon said its wireless division had 92.1 million customers at the end of the quarter, after adding 1.4 million total net customers in the quarter and removing a net 2.1 million customers in connection with divestitures and conforming adjustments related to the Alltel acquisition. Verizon Wireless also said it had 7.7 million “other connections” at the end of the quarter -- such as machine-to-machine, eReaders and telematics, bringing total wireless connections to 99.7 million.

Verizon's capital expenditures totaled 4.2 billion dollars in the second quarter of 2010, down 3.6% from the second quarter of 2009. However, the U.S. operator said full-year 2010 guidance for capital expenditures remains at 16.8 billion to 17.2 billion dollars. source: Verizon statement

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