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.
Wednesday, October 22, 2014
Verizon Catching AT&T
Comfortably outpacing arch-rival AT&T, Verizon reported a 4.3% year-on-year increase in revenues in the third quarter of 2014 to 31.6 billion US dollars. (AT&T reported a 2.5% increase to 33 billion dollars).
Verizon's wireless revenues rose 7%, while wireline revenues fell 0.8%, dragged down by falls of more than 4% in wholesale revenue and enterprise revenue. Verizon said it activated more than 10 million 4G devices in the third quarter taking the total to almost 60 million. source: Verizon presentation