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.
Tuesday, July 26, 2016
Verizon Continues in Reverse
Verizon Communications reported a 3.5% year-on-year decline in operating revenues in the second quarter 2016 to 30.5 billion dollars on a like-for-like basis. That was a sharper fall than in the first quarter when revenues fell 1.5%. Verizon said its total wireless revenues fell 4% to 21.7 billion dollars, as "more customers continued to choose unsubsidised device payment plans." However, Verizon said new revenue streams from Internet of Things continue to grow, with revenues of approximately 205 million dollars in the quarter, a year-on-year increase of about 25%. Source: Verizon presentation
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