Home Verizon Q3 growth boosted by AOL, 4G expansion
 

Keywords :   


Verizon Q3 growth boosted by AOL, 4G expansion

2015-10-20 14:17:00| Telecompaper Headlines

(Telecompaper) Verizon reported third-quarter operating revenues up 5.0 percent year-on-year to UD 33.2 billion, helped by its takeover of AOL from July and continued expansion in mobile and fibre customers. Excluding AOL, revenues rose 3.1 percent, and after also adjusting for disposals, Verizon expects full-year revenue growth to reach at least 3 percent in 2015. Operating profit rose to USD 7.5 billion from USD 6.9 billion a year ago, and EPS increased to 99 cents from 89 cents, impacted in part by a 5-cent charge for pensions accounting. Operating cash flow in the year to date rose to USD 28.4 billion from USD 23.2 billion a year earlier, helped by a gain of USD 2.4 billion on selling tower assets. After spending USD 12.5 billion on capital equipment in the first nine months, Verizon maintained its full-year budget at USD 17.5-18.0 billion, up slightly from last year. 

Tags: growth expansion aol verizon

Category:Telecommunications

Latest from this category

All news

»
28.11 HEXAGON TR SET UP
28.1121dc hg
28.111EX D
28.11 Bucchus IMP24 FMH-RSM/M
28.11
28.11specialites TA carmina 46-36
28.11HUNTER×HUNTER
28.11
More »