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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