Verizon 2Q13 revenues up 4.4%; 6.4m LTE devices activated in three months

19 Jul 2013

US telecoms giant Verizon Communications has reported revenues of USD29.8 billion for the three months ended 30 June 2013, an increase of 4.4% year-on-year. Consolidated operating income for Q2 was USD6.6 billion, up from USD5.7 billion on an annualised basis. Consolidated EBITDA totalled USD10.7 billion in the April-June period, compared to USD9.8 billion one year earlier. CAPEX for the first half of 2013 has been stated at USD7.6 billion, with a FY13 figure of USD16.4 billion to USD16.6 billion projected by the company.

In operational terms, mobile unit Verizon Wireless saw its retail subscriber base grow 6.3% y-o-y to 100.1 million, including 94.3 million post-paid customers. The cellular unit added 1.04 million retail customers on a net basis in the second quarter, including 941,000 net post-paid additions; as at 30 June smartphones constituted more than 64% of Verizon Wireless’s post-paid user base. In addition, during 2Q13, Verizon confirmed sales of 6.4 million Long Term Evolution (LTE)-suitable devices – one of its highest quarterly figures to date – taking its total LTE subscriber base to 35.67 million.

Meanwhile, in terms of fixed line subscriber metrics, Verizon Communications claimed a total of 5.77 million fibre-optic ‘FiOS Internet’ subscribers and 5.04 million ‘FiOS Video’ IPTV connections at the end of the period under review, representing annual increases of 12.2% and 12.6%, respectively. The telco’s overall broadband user base reached 8.94 million at 30 June, with fixed voice accesses dropping to 21.83 million by 30 June.

United States, Verizon Communications, Verizon Wireless