Date/Time
Author
Subject
Share Price†
Opinion
22 Jan '13
jange
vzc
0.00
No Opinion
Positive Points: Verizon Wireless, the mobile-phone joint venture with Vodafone Group Plc, added 2.1 million monthly contract users, with 8% signing up for smartphones in the quarter. At the end of 2012, the company had 98.2 million retail connections, a 6.6 % increase year on year, including 92.5 million retail post-paid connections. The carrier reported 144,000 FiOS Internet and 134,000 FiOS TV net additions in the quarter, bringing the company to a total of 5.4 million FiOS Internet and 4.7 million FiOS TV customers. Verizon enjoys a strong financial position. It continues to focus on maximizing free cash flow, maintaining a strong balance sheet and reducing debt.
22 Jan '13
jange
vzc
0.00
No Opinion
Negative Points: The company's results were affected by costs associated with Hurricaine Sandy, which devastated the Northeast region of the US last year, and by a change in the valuation of its pension liabilities owed to its employees. Although the use of smartphones and other wireless devices has flourished, there are now fewer new customers to sign, leaving carriers to entice customers from their rivals. That may incur higher subsidy costs. Verizon's Wireline business is highly exposed to domestic GDP growth and employment as well as to global economic growth. The company faces fierce competition. Revenue pressure may be seen if they engage in aggressive price wars.
22 Jan '13
jange
vzc
0.00
No Opinion
Financial Highlights: Verizon reported a loss of $4.23 billion that compared to a loss of $2.02 billion a year earlier. Revenue jumped 5.7% to $30.05 billion, a rise of 4.5% that compared to Wall Street expectations of $29.83 billion. Wireless revenue rose 9.5% to $20 billion. Total debt for 2012 declined to $52 billion from $55.2 billion.
22 Jan '13
jange
vzc
0.00
No Opinion
Fourth quarter results: The largest US phone carrier by subscribers disclosed a quarterly loss that widened due to restructuring charges and Hurricane Sandy related expenses. Meanwhile, Wireless services revenue in the period grew 9.5% to $20 billion, while retail service revenue jumped 8.4% to $15.8 billion. The increase in wireless revenue helped compensate for slower sales to business and landline customers. Elsewhere, Verizon's Wireline business benefited from increased FiOS Internet and television subscriptions and expanded networking and cloud-computing services, mitigating the impact of a shrinking landline business.
18 Oct '12
jange
vzc
0.00
No Opinion
Positive Points: Management noted that the company was "on track to meet 2012 financial goals" The Wireless division enjoyed 1.8 million retail net additions, excluding acquisitions and adjustments. 4G LTE service now available to more than 250 million people in 419 markets across the U.S. At the end of the quarter, smartphones constituted more than 53% of the Verizon Wireless customers who are billed monthly, up from 50% at the end of Q2, management noted. For full-year 2012, capital expenditures are expected to be lower than 2011 capital expenditures of $16.2 billion. Verizon added 136,000 FiOS Internet connections and 119,000 new FiOS television connections in the period.
18 Oct '12
jange
vzc
0.00
No Opinion
Negative Points: The recent coming together of Japan's Softbank and Sprint Nextel provides a significantly strengthened competitor. Verizon's Wireline business is highly exposed to domestic GDP growth and employment as well as to global economic growth. Although the use of smartphones and other wireless devices has flourished, there are now fewer new customers to sign, leaving carriers to entice customers from their rivals. That may incur higher subsidy costs. The company faces fierce competition. Revenue pressure may be seen if they engage in aggressive price wars.
†Share prices shown are taken at time of message posting.
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