Friday, April 25, 2014
LTE Drives Growth for Verizon
Verizon said its revenue rose 4.8% year-on-year in the first quarter to 30.8 billion US dollars (growth in the previous quarter was 3.4%). Wireless service revenues were up 7.5% year-on-year to 18 billion dollars, as Verizon activated a further 8.1 million LTE devices in the quarter. Consumer revenue in the wireline market was up 6.2% year-on-year to 3.8 billion dollars.
Fran Shammo, CFO, said: "Capital expenditures in the quarter totaled 4.2 billion dollars, up 548 million dollars with all the increase in wireless. With our 4G LTE coverage build complete, wireless spending is now focused on adding capacity and density to our existing coverage and utilizing our AWS spectrum to further optimize the network." source: Verizon presentation
Labels: More U.S. telecoms
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