Motorola V710
Bad News...
for AWS/Cingular...
Verizon has bolstered its wireless division to maintain profits as customers drop regular telephone lines for cellular phones or switch to competitors. Verizon Wireless added 1.5 million customers in the quarter, raised its average monthly revenue per user to $50.80, and reduced customer turnover, or churn, to 1.45 percent.
Loop Capital analyst William Cram said the wireless results were "very strong," especially compared to results from Cingular Wireless, which is in the midst of buying AT&T Wireless (AWE) to form the largest U.S. cellular company.
With Verizon adding 860,000 customers per quarter, more than Cingular and AT&T Wireless combined over the past five quarters, "at this pace Verizon could organically ...
(continues)
Verizon has bolstered its wireless division to maintain profits as customers drop regular telephone lines for cellular phones or switch to competitors. Verizon Wireless added 1.5 million customers in the quarter, raised its average monthly revenue per user to $50.80, and reduced customer turnover, or churn, to 1.45 percent.
Loop Capital analyst William Cram said the wireless results were "very strong," especially compared to results from Cingular Wireless, which is in the midst of buying AT&T Wireless (AWE) to form the largest U.S. cellular company.
With Verizon adding 860,000 customers per quarter, more than Cingular and AT&T Wireless combined over the past five quarters, "at this pace Verizon could organically ...
(continues)
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