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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

 

Verizon adds 242,000 FiOS Video connections in 3Q 2015

2015-10-20 14:00:35| Digital TV News

Verizon Communications (NYSE, Nasdaq: VZ) has reported third-quarter 2015 results. In third-quarter 2015, Verizon added 114,000 net new fios internet connections and 42,000 net new fios video connections. Both are increases from second-quarter 2015.

Tags: video connections adds verizon

 
 

Verizon adds 1.3m postpaid customers in Q3, profit jumps

2015-10-20 02:00:00| Total Telecom industry news

U.S. telco giant's LTE network handled 89% of mobile data; revenue jumps 5% on AOL contribution.

Tags: customers profit adds verizon

 

Samsung Pay Headed to Verizon Phones

2015-10-19 22:02:33| PC Magazine Cell Phones Product Guide

Verizon is rolling out an update that brings Samsung Pay to the its compatible devices...eventually.

Tags: pay phones samsung headed

 

AT&T, Verizon Plot Different Strategies for Video

2015-10-18 10:28:54| Telecom - Topix.net

Investors will get fresh insight into old telecom's new media strategies when Verizon Communications Inc. and AT&T Inc. report quarterly results this week.

Tags: video att strategies plot

 

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