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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.

Thursday, April 21, 2011

Smartphone Sales Surge at Verizon


Verizon, the U.S.'s second largest telco, said its consolidated revenue grew 5.3% year-on-year in the first quarter to 27 billion US dollars. It said that wireless service revenues grew 6.3%, wireless data revenues rose 23.7% and fibre-based services climbed by 23.7%.

Verizon's capital expenditure in the first quarter was 4.4 billion dollars, compared with 3.4 billion dollars a year earlier, but the telco said it still plans to keep capital spending flat in 2011. source: Verizon presentation

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