Another great quarter for Verizon Wireless, now serving 56.7 million.
10/30/2006
NEW YORK —
THIRD-QUARTER 2006 HIGHLIGHTS
Consolidated
* Diluted earnings per share (EPS) of 66 cents, or 68 cents per share before special items (non-GAAP measure)
* Reported revenues of $23.3 billion, up 25.8 percent from third quarter 2005
Wireless
* Verizon Wireless becomes the largest U.S. wireless company, based on revenues; total revenues up 18.2 percent from third quarter 2005; data revenues nearly double year-over-year; EBITDA margin (non-GAAP) of 45.0 percent
* Total service ARPU and retail service ARPU up year-over-year and up from second quarter 2006; retail service ARPU of $51.21
* 1.9 million net customer additions; 56.7 million total customers, up 15.1 percent from third quart...
(continues)
NEW YORK —
THIRD-QUARTER 2006 HIGHLIGHTS
Consolidated
* Diluted earnings per share (EPS) of 66 cents, or 68 cents per share before special items (non-GAAP measure)
* Reported revenues of $23.3 billion, up 25.8 percent from third quarter 2005
Wireless
* Verizon Wireless becomes the largest U.S. wireless company, based on revenues; total revenues up 18.2 percent from third quarter 2005; data revenues nearly double year-over-year; EBITDA margin (non-GAAP) of 45.0 percent
* Total service ARPU and retail service ARPU up year-over-year and up from second quarter 2006; retail service ARPU of $51.21
* 1.9 million net customer additions; 56.7 million total customers, up 15.1 percent from third quart...
(continues)
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Where is are good buddy nextel to tell us about how verizon doesn't have data, and Sprint will be taking over the world.
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I'm sure he'll be trolling....somewhere in here...and whats the big deal with sprints data? VZN can pretty much do everything Sprint can. I just think Verizon might want to look at being more competitive on price.
Chris
Chris
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What I find interesting is that despite being known for high prices, Verizon's ARPU isn't that high. Their expenses are very low though, which is amazing.
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Verizon is known for high prices? I've never thought so.
In terms of pricing, Verizon and Cingular are pretty much middle of the pack. T-Mobile being the bargain carrier and Sprint being the ridiculous-for-what-you-get deal.
What prices do you find to be high with Verizon?
In terms of pricing, Verizon and Cingular are pretty much middle of the pack. T-Mobile being the bargain carrier and Sprint being the ridiculous-for-what-you-get deal.
What prices do you find to be high with Verizon?
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RUFF1415 said:
Verizon is known for high prices? I've never thought so.
In terms of pricing, Verizon and Cingular are pretty much middle of the pack. T-Mobile being the bargain carrier and Sprint being the ridiculous-for-what-you-get deal.
What prices do you find to be high with Verizon?
they may not be insanely high, but when compared with the big four in the industry, they are some of the highest.
Chris
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So Verizon beat Cingular again, 1.9 million net adds to 1.4 mil. Sounds like business as usual. 😎
At this rate they'll be #1 again this time next year. Cing better do somethin'.
And I won't even go into Sprint-Nextel; 233k net adds is jus' sad for a company big as them. ☹️
http://www.forbes.com/2006/10/30/verizon-earnings-ci ... »
At this rate they'll be #1 again this time next year. Cing better do somethin'.
And I won't even go into Sprint-Nextel; 233k net adds is jus' sad for a company big as them. ☹️
http://www.forbes.com/2006/10/30/verizon-earnings-ci ... »
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Don't underestimate Cingular. People thought VZW would be #1 by Spring 2006 around this time last year.
Cingular is performing much better and they will have a surge during 4th QTR because Cingular customers are accustomed to getting insane deals during Christmas on Motorola Phones.
Of course Verizon can counter this by being aggressive unlike what they did last year. If Verizon doesn't come out with any good specials, expect them to be tied with or beaten by Cingular in 4th quarter.
Cingular is performing much better and they will have a surge during 4th QTR because Cingular customers are accustomed to getting insane deals during Christmas on Motorola Phones.
Of course Verizon can counter this by being aggressive unlike what they did last year. If Verizon doesn't come out with any good specials, expect them to be tied with or beaten by Cingular in 4th quarter.
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sangyup81 said:
If Verizon doesn't come out with any good specials, expect them to be tied with or beaten by Cingular in 4th quarter.
I highly doubt that, not with phones like the 9900, 8600, pantech, etc etc coming out 🙂
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have you seen the new phones coming out for cingy in nov and dec? maybe u should take a look 🙂
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PPL will pay for these phones... especially ppl that really want these phones... However, a lower price wouldnt hurt...
🤤 🤤 🤤
🤤 🤤 🤤
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sangyup81 said:
Don't underestimate Cingular. People thought VZW would be #1 by Spring 2006 around this time last year.
Who's underestimatin'? Cing has a consistent track record of being beaten by Verizon, dat's all.
When they actually WIN a quarter, I'll change my mind, yo. 🙂
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Fine fine, then you're overestimating VZW same thing. Cingular is still #1 now even though people were writing them off a year ago. That's my point.
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Maybe we could get a betting pool together? Which QTR do you think Verizon will pass Cingular?
You were saying Q3 2007, I say Q2 2008 😉
You were saying Q3 2007, I say Q2 2008 😉
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sangyup81 said:
Maybe we could get a betting pool together? Which QTR do you think Verizon will pass Cingular?
You were saying Q3 2007, I say Q2 2008 😉
Well at least we agree that Verizon will pass Cingular. And that Sprint-Nextel will be passing neither. 😎
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SystemShock said:sangyup81 said:
Maybe we could get a betting pool together? Which QTR do you think Verizon will pass Cingular?
You were saying Q3 2007, I say Q2 2008 😉
Well at least we agree that Verizon will pass Cingular. And that Sprint-Nextel will be passing neither. 😎
ahhhhhh young hopefulls........ 🤣
j/k 🤣
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SystemShock said:
Well at least we agree that Verizon will pass Cingular... 😎
Dream on... 🤣
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the_eraser said:SystemShock said:
Well at least we agree that Verizon will pass Cingular... 😎
Dream on... 🤣
There's nuthin' really to dream about. Cing was up by about 6 million customers when dey did the merger, now they're up by only 2 million. THey haven't won a single quarter over VZW since the merge, so Verizon keeps on reeling 'em in. Talkin' trash when your team can't even get one in the 'W' column is jus' sillay.
So, who's laughin' now? Prolly only the Verizon execs. 🤣
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SystemShock said:
THey haven't won a single quarter over VZW since the merge, so Verizon keeps on reeling 'em in.
That would be incorrect.
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That would be incorrect.
No its not. What quarter have they won? Best they've done is tied once or twice. They've lost like six times.
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It was the first Q4 results after the merge.
Cingular added 1.8 million. Verizon added 1.7 million.
I'll look it up. But trust.
Cingular added 1.8 million. Verizon added 1.7 million.
I'll look it up. But trust.
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Here you go Shock. Read up:
Cingular:
http://www.mobiletracker.net/archives/2005/01/24/cin ... »
Verizon:
http://www.mobiletracker.net/archives/2005/01/27/ver ... »
Incorrect. Correct? 😉
Cingular:
http://www.mobiletracker.net/archives/2005/01/24/cin ... »
Verizon:
http://www.mobiletracker.net/archives/2005/01/27/ver ... »
Incorrect. Correct? 😉
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That's quarter OF the merge, not SINCE the merge. Which is what I said. 🤨
Since the merge, Cing's 0-6-1 against Verizon. They get consistently beat. What's not to get? 😎
Since the merge, Cing's 0-6-1 against Verizon. They get consistently beat. What's not to get? 😎
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Ohhhh, okay Shock. Can't count that quarter because, you know, it might make Verizon look a little less almighty than it really is. 🙄
What a tool.
What a tool.
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RUFF1415 said:
Ohhhh, okay Shock. Can't count that quarter because, you know, it might make Verizon look a little less almighty than it really is. 🙄
What a tool.
Bite me. Jus' cuz' you can't be bothered to read what I say. 🙄
Ok man, for jus' one moment, I'll go your way on this, an' see how it sounds:
"Hurray for Cingular! We beat Verizon ONCE, like two years ago, JUST BARELY! Then we got our asses kicked for the past TWO YEARS! So you see, we BADASS now!"
Wotta tool yourself. ☹️
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I'd hardly call it getting their ass kicked.
I thought Verizon was supposed to reclaim number one a year ago?
In the end, none of it matters. Cingular achieved their goal with the buyout. They're giving Verizon something to sweat about.
I thought Verizon was supposed to reclaim number one a year ago?
In the end, none of it matters. Cingular achieved their goal with the buyout. They're giving Verizon something to sweat about.
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Hey, don't get huffy, Ruff. I think Cingular will make a great number two, which is where they're headed.
In fact their service reminds me of number two all the time. 😎
In fact their service reminds me of number two all the time. 😎
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No doubts 'bout it. VZW will keep eroding Cing's lead, an' then in early '08 Cing's turnin' off the TDMA tap. When they do, a buncha the 4 million Cingular TDMA customers jump ship.
Either way, they end up number two. It's a question o' when, not if. I'll give 'em props if they hold out through '07 though. 😎
Either way, they end up number two. It's a question o' when, not if. I'll give 'em props if they hold out through '07 though. 😎
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Do you honestly think there will still be anywhere near 4 million customers on the TDMA network in 2008?
The truth is, no.
The truth is, no.
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RUFF1415 said:
Do you honestly think there will still be anywhere near 4 million customers on the TDMA network in 2008?
There'll be enough. Cing is getting down to the 'diehards' now in that last few mil. The folks who won't let go of their TDMA phones until you 'pry their cold dead fingers' off of them. 😳
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That's what the $5 per month additional charge on TDMA accounts is for. It's moving TDMA customers over to GSM faster than you'd like to think. They just won't find better offers with other companies after activation and fewer pricing incentives, so they're staying with Cingular...but moving to the GSM side. Just look at the quarterly reports and you'll see that they're constantly migrating.
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Those numbers are kinda fishy. The merger was official Nov 15th (I remember cause I quit at&t on the 14th), are they including at&t numbers for the first half of the quarter? If so that probably means they were just playing with the numbers and verizon added more.
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RUFF1415 said:
It was the first Q4 results after the merge.
Cingular added 1.8 million. Verizon added 1.7 million.
I'll look it up. But trust.
That's quarter OF the merge, not SINCE the merge. Which is what I said. 🤨
Since the merge, Cing's 0-6-1 against Verizon. They get consistently beat. What's not to get?
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