Wednesday, October 21, 2015
Verizon Pushes Mobile Video & IoT
Verizon reported a 5% increase in total operating revenue to 33.2 billion US dollars for the third quarter. Excluding AOL, which was not part of Verizon a year ago, top-line growth was 3.1%, driven by customer and usage growth in both wireless services and fios - Verizon's bundled Internet access, telephone, and television service that operates over a fiber network.
Verizon also talked up the potential of the Internet of Things and mobile video to lift the top line: "New revenue streams from the Internet of Things continue to emerge and grow, with revenues of 175 million dollars in the quarter and about 495 million dollars year-to-date," Fran Shammo, Verizon CFO, told analysts. "In terms of our mobile video strategy, earlier this month, we were the first to market with the commercial launch of go90, a differentiated, mobile-first, social entertainment platform. Go90 includes a broad selection of premium content and social engagement features and the capability for sharing and conversation around the content. The initial feedback has been strong with increasing engagement without significant promotion, and we have received positive industry recognition." source: Verizon statement
Labels: More U.S. telecoms
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