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Verizon looking to sell mobile towers - report

2014-09-25 09:16:00| Telecompaper Headlines

(Telecompaper) Verizon is looking to sell its mobile network towers before the end of the year and has hired New York investment bank Tap Advisors to work on the sale and leasing agreement, Bloomberg reported, citing people familiar with the situation. A sale could bring in about USD 6 billion, based on the price per tower that AT&T got in a tower deal last year. The package would involve about 12,000 towers and could be announced within 1-2 months. Verizon declined to comment. The tower company's CFO Jay Brown said earlier at an investor conference that Crown Castle told Verizon it would be interested in a deal and that the potential price of USD 6 billion was not a deterrent. Verizon has an estimated 12,000 to 15,000 towers, according to Cowen & Co, Bloomberg reported earlier.

Tags: report mobile sell verizon

Verizon reports more mobile customers, fewer upgrades in Q3

2014-09-11 16:44:00| Telecompaper Headlines

(Telecompaper) Verizon reported continued strong customer growth in the mobile market in Q3, with a net 927,000 new retail postpaid customers added. That is over 40 percent more net adds than in the year-earlier period, CEO Lowell McAdam said at an investor conference. The percentage of customers choosing the Verizon Edge early-upgrade plan so far in Q3 is similar to the rate in Q1 2014, which was approximately 12 percent of total phone activations. Verizon said it expects strong customer growth and low Edge adoption rate this quarter to date to put some pressure on the wireless segment EBITDA service margin compared to the 50.3 percent reported in Q2. At its wireline activities, FiOS continues to drive consumer revenue growth, while enterprise and wholesale growth remain under pressure. Although Verizon made progress in increasing the wireline segment EBITDA margin in the first half of 2014, the company expects some quarter-to-quarter fluctuations due to seasonality and the timing of non-recurring billings and costs. Verizon reiterated that the company remains on track to achieve full-year expansion of the wireline segment EBITDA margin. Verizon will report Q3 results on 21 October.

Tags: mobile reports customers fewer

Verizon Creates a Mobile ZipCar

2014-09-08 13:04:16| IT Services - Topix.net

Watch out, ZipCar, there's a new name in car rentals -- your friendly wireless operator. It might not be the name you'd expect, but Verizon Enterprise Solutions today introduced Verizon Auto Share, a car rental program it says will be available before the end of the year.

Tags: mobile creates verizon mobile verizon

Verizon boosts revenue, income on mobile and broadband growth

2014-04-24 19:49:04| Telecom - Topix.net

Driven by growth in mobile and Fios broadband customers, Verizon Communications on Thursday reported first quarter 2014 revenue of $30.8 billion, up from $29.4 billion a year earlier.

Tags: mobile growth income revenue