Verizon revenue, net income up on Fios strength
Jul-29-2007
() - Verizon Communications reported net income of $1.7 billion for the second quarter of 2007, up slightly from a year ago, fueled largely by increases in data and wireless revenues.
Verizon's net income a year ago was $1.6 billion. The company reported an increase of 11.6 percent in data revenue, totaling $4.4 billion, and a 17.1 percent increase in wireless revenue, totaling $10.8 billion.
Verizon's total revenue for the quarter was $23.3 billion, up 6.3 percent from the second quarter of 2006.
Earnings per share for this quarter, which ended June 30, were $0.58, compared to $0.43 per share before discontinued operations in the second quarter of 2006.
The company's focus on "organic revenue growth and improving margins" is gaining steam, Chairman and CEO Ivan Seidenberg said in a statement. Verizon is "producing accelerating and sustainable" growth, he added.
New customers for Verizon's Fios fiber-to-the-home helped spur the increased revenue. About 167,000 new customers signed up for the Fios TV service, bringing the customer base to 515,000. Verizon reported 288,000 new broadband connections for the quarter, including Fios and DSL (digital subscriber lines); 203,000 of the new broadband connections were Fios service. Verizon now has 1.1 million Fios broadband customers, it said.
Verizon Wireless reported 1.6 million additional customers, bringing its retail customer base up to 60.1 million.
Verizon's Business division reported revenue of $5.3 billion, up 2.4 percent from a year ago. It was the third consecutive quarter of revenue growth for the Business unit, Verizon said.
Revenue at Verizon's Wireline division, however, were down 1.1 percent, to $12.6 billion. This was caused in part by declines in the number of former MCI customers, the company said. in January 2006.
Wireless, High-Speed Net Growth Buoy Verizon Profits
Jul-30-2007
Verizon posted strong financial gains for the second quarter of 2007 Monday, calling out its growth in wireless and high-speed Internet subscribers. The diversified phone company's net profit rose 4.5 percent to $1.7 billion, up from $1.61 billion from the same period a year earlier. Verizon's operating revenue rose 6.3 percent to $23.37 billion. Verizon's primary competitors include AT&T, Qwest and Sprint.
Verizon Wireless to Acquire Rural Cellular Corporation, Expand the...
Jul-30-2007
"Verizon Wireless continually looks for opportunities to enhance our customers' wireless experience"
In a move to expand its wireless service coverage in rural markets, Verizon Wireless, a joint venture of Verizon Communications and Vodafone , announced today that it has entered into an agreement to acquire ...
Verizon Wireless to acquire Rural Cellular for $2.7 billion
Jul-30-2007
(InfoWorld) - Verizon Wireless has agreed to acquire Rural Cellular, a mobile telephone service provider focused on rural areas in the U.S., the companies announced Monday.
Verizon will pay about $2.67 billion in cash and assume the smaller carrier's debt, Verizon said in a news release. Rural Cellular, which markets its service under the Unicel brand, serves about 716,000 customers in 15 states in New England, the Plains states, the Southeast, and the Pacific Northwest.
The acquisition will h
Verizon Wireless to buy Rural Cellular
Jul-30-2007
Verizon Wireless said it would acquire Rural Cellular Corp. for $757 million in cash to expand Verizon's rural market wireless coverage into Rural's Unicel network in 15 states.
Verizon Wireless to buy Rural Cellular
Jul-30-2007
Verizon Wireless said it would acquire Rural Cellular Corp. for $757 million in cash to expand Verizon's rural market wireless coverage into Rural's Unicel network in 15 states.
Verizon Wireless to buy Rural Cellular
Jul-30-2007
Verizon Wireless said it would acquire Rural Cellular Corp. for $757 million in cash to expand Verizon's rural market wireless coverage into Rural's Unicel network in 15 states.
Verizon Reports 4.5% Earnings Growth
Jul-30-2007
Verizon Communications Inc. on Monday reported second-quarter earnings that came in 4.5 percent higher than a year ago. The nation’s second-largest phone company attributed the increase to growth in its wireless division. Verizon earned $1.68 billion, or 58 cents per share, up from $1.61 billion, or 55 cents per share, in the ... (148 words)
Verizon Banks on Wireless as Pressures Mount
(NewsFactor)
Jul-30-2007
NewsFactor - Verizon Communications reported on Monday that its earnings in the second quarter rose by 4.5 percent from the year-earlier period to $1.7 billion, fueled by 17.1 percent growth at Verizon Wireless, where the total number of wireless customers increased to 62.1 million.
Verizon Wireless buys Rural Cellular
Jul-30-2007
NEW YORK Verizon Communications Inc. on Monday reported second-quarter earnings that rose strongly from a year ago, meeting analyst expectations.
Verizon, the country's second largest telecommunications company, earned $1.68 billion, or 58 cents per share, in the March to June period, up 4.5 percent from $1.61 billion, or 55 cents per share, a year earlier.
However, last year's figure includes the earnings from a number of business that have since been sold or spun-off, including the h
For Verizon, Fiber (FiOS) is the story
Jul-31-2007
Given a choice between fiber-based broadband and DSL, people tend to opt for the former. Or that seems to be the lesson one can learn from the second quarter earnings reported by Verizon yesterday. Even as its DSL-subscriber additions tanked, Verizon saw a sharp uptake in the demand for its fiber connections.
The company added 203,000 [...]
Verizon earnings up 4.5 per cent; Verizon Wireless buys Rural Cellular
(Canadian Press)
Jul-30-2007
Canadian Press - NEW YORK (AP) - Verizon Communications Inc. on Monday reported second-quarter earnings that rose 4.5 per cent from a year ago, mainly due to its successful cellphone division. The results met analysts' expectations.
The $2,900 Telephone (Complete with Rotary Dial!)
Jul-30-2007
Verizon's corporate crapola reads: "Verizon is proud of its leadership and reputation as a world-class company that is committed to the highest ethical standards. Our Verizon roots have a long history of commitment to integrity and respect." --
Meanwhile, in the real world, after paying $4.42 a month for 660 months....
Rural Cellular sold to Verizon for $2.67 billion
Jul-30-2007
Verizon Wireless announced their intentions to buy Rural Cellular for $2.67 billion dollars! The deal will expand Verizons operating territory "in parts of the East Coast and the South, as well as in Minnesota, North Dakota, South Dakota, Wisconsin, Kansas, Idaho, Washington and Oregon." The deal should be finalized sometime during the first half of next year.
[Via...
Verizon buys Rural Cellular for USD 2.67 billion
Jul-30-2007
(TP) Verizon Wireless has agreed to acquire rival Rural Cellular for USD 2.67 billion in cash and assumed debt. The deal adds 716,000 subscribers and extends Verizon's network by another 4.7 million licensed POPs. Rural Cellular, which operates under the Unicel brand and uses both CDMA and GSM networks, is active in the states of Maine, Vermont, New Hampshire, New York, Massachusetts, Alabama, Mississippi, Minnesota, North Dakota, South Dakota, Wisconsin, Kansas, Idaho, Washington and Oregon. Ve
Verizon's profit rises on mobile, Internet; to buy Rural Cellular
Jul-30-2007
WASHINGTON (MarketWatch) -- Verizon Communications Inc. on Monday reported a 4.5% increase in net income during the second quarter, fueled by wireless and broadband growth.
Verizon acquisition expands service into new Alabama areas
Jul-30-2007
Verizon Wireless' acquisition of Minnesota-based Rural Cellular Corp. for $2.67 billion announced Monday will affect 20 locations in Alabama and around Birmingham.
Verizon to buy Rural Cellular in $2.67B deal
Jul-30-2007
Verizon Wireless will purchase Rural Cellular Corp. for $757 million cash, the company said Monday.
Verizon Wireless to Buy Rural Cellular
Jul-30-2007
Verizon Wireless said it would buy Rural Cellular for $757 million in cash to save on roaming costs and expand its customer base.
Verizon Wireless to acquire Rural Cellular for $2.7 billion
Jul-30-2007
Verizon Wireless has agreed to acquire Rural Cellular, a mobile telephone service provider focused on rural areas in the U.S., the companies announced Monday.
Verizon Buys UNICEL for $2.67 Billion
Jul-30-2007
Verizon Wireless has agreed to acquire Rural Cellular (UNICEL) for about $2.67 billion in cash, the two companies said on Monday. Rural serves about 716,000 customers across 15 states in New England, the Plains states, the Southeast, and the Pacific Northwest.
Verizon Revenue, Net Income Up on Fios Strength
Jul-30-2007
Verizon reported net income up slightly from a year ago, fueled largely by increases in data and wireless revenues.
Verizon Wireless to Acquire Rural Cellular
Jul-30-2007
Verizon has agreed to acquire Rural Cellular, a mobile telephone service provider focused on rural areas.
Verizon Profit Rises but Margins Disappoint
Jul-31-2007
Verizon Communications posted a 4.5 percent rise in quarterly profit on growth in its wireless and advanced Internet and video services, but its shares fell 2 percent as its margins fell short of some analysts' expectations.
Verizon earnings meet expectations, rise 4.5%
Jul-30-2007
Verizon Communications on monday reported second-quarter earnings rose 4.5% from a year ago, due to its successful cellphone ...
Verizon Earnings Up 4.5 Percent (AP)
Jul-30-2007
Verizon Communications Inc. reported second-quarter earnings that satisfied analyst expectations Monday and said its wireless arm would buy a rural cell-phone carrier to expand its reach.
Verizon snags $100M state VoIP deal
Jul-29-2007
Verizon Communications Inc. has won a five-year, $100 million contract to roll out voice over Internet protocol (VoIP) equipment and services to upgrade 24,000 analog-based telephone handsets for the Bay State's largest agency.
Verizon and AT&T compete for wireless subscribers
Jul-30-2007
Verizon and ATT are trying to get new customers, and keep old ones. I am not sure why that's news, but CNet says it is. Who will win this battle? Who has the iPhone? That should answer your question. The two biggest phone companies in the country are vying for new subscribers--and the battle looks to be heating up.
Technology news - CNET News.com
[General] Call forwarding question
Jul-29-2007
This is a general question about call forwarding. If someone on say Verizon wireless calls my GC # or VOIP number, and I have it forwarded to my Verizon wireless phone, would that be considered IN network? Or does the forwarding provider become the originator of the call? ..
Verizon Wireless to Buy Rural Cellular for $757M
Jul-30-2007
Rural Cellular shareholders to get $45 a share, a 16 percent premium, from Verizon-Vodafone ventures.
Verizon Wireless to Buy Rural Cellular for $757M
Jul-30-2007
Rural Cellular shareholders to get $45 a share, a 16 percent premium, from Verizon-Vodafone ventures.
Verizon Wireless to Acquire Rural Cellular
(PC World)
Jul-30-2007
PC World - Verizon Wireless Inc. has agreed to acquire Rural Cellular Corp., a mobile telephone service provider focused on rural areas in the U.S., the companies announced Monday.
Verizon Revenue, Net Income Up on Fios Strength
(PC World)
Jul-30-2007
PC World - Verizon Communications Inc.reported net income of US$1.7 billion for the second quarter of 2007, up slightly from a year ago, fueled largely by increases in data and wireless revenues.
Verizon profit rises but margins disappoint
Jul-30-2007
NEW YORK (Reuters) - Verizon Communications Inc. posted a 4.5 percent rise in quarterly profit on growth in its wireless and advanced Internet and video services, but its shares fell 2 percent as its margins fell short of some analysts' expectations.
Verizon Earnings Up 4.5 Pct
Jul-30-2007
NEW YORK (AP) -- Verizon Communications Inc. on Monday reported second-quarter earnings that rose 4.5 percent from a year ago, mainly due to its successful cell phone division. The results met analysts' expectations....
Advance warning on some good concerts
Jul-30-2007
Mark your calendars for these upcoming concerts: Interpol w/ Liars @ Verizon, September Queens of the Stone Age w/ Arctic Monkeys @ Verizon, September Earlimart @ Backroom (The Mink), October 16th...
Verizon Profit Rises; Broadband Growth Shows 35% Decline
(Investor's Business Daily)
Jul-30-2007
Investor's Business Daily - Verizon Communications' second-quarter results met forecasts, but its shares dipped as broadband subscriber growth disappointed and it announced a deal to buy small wireless firm Rural Cellular.
Verizon Wireless to acquire Rural Cellular for $2.7 billion
(InfoWorld)
Jul-30-2007
InfoWorld - Verizon Wireless has agreed to acquire Rural Cellular, a mobile telephone service provider focused on rural areas in the U.S., the companies announced Monday.
Verizon revenue, net income up on Fios strength
(InfoWorld)
Jul-30-2007
InfoWorld - Verizon Communications reported net income of $1.7 billion for the second quarter of 2007, up slightly from a year ago, fueled largely by increases in data and wireless revenues.
Verizon earnings up 4.5 pct
(AP)
Jul-30-2007
AP - Verizon Communications Inc. on Monday reported second-quarter earnings that rose 4.5 percent from a year ago, mainly due to its successful cell phone division. The results met analysts' expectations.
Verizon Wireless to buy Rural Cellular
(Reuters)
Jul-30-2007
Reuters - Verizon Wireless, the No. 2 U.S.
wireless service, said on Monday it would buy Rural Cellular
Corp for $757 million in cash to save on roaming costs
and expand its customer base.
Verizon profit rises but margins disappoint
(Reuters)
Jul-30-2007
Reuters - Verizon Communications Inc.
posted a 4.5 percent rise in quarterly profit on growth in its
wireless and advanced Internet and video services, but its
shares fell 2 percent as its margins fell short of some
analysts' expectations.
Verizon earnings up 4.5 percent
(AP)
Jul-30-2007
AP - Verizon Communications Inc. on Monday reported second-quarter earnings that rose 4.5 percent from a year ago, mainly due to its successful cell phone division. The results met analysts' expectations.
LIA Trade Show Features Verizon VP, Networking and Seminar
Jul-30-2007
FOR IMMEDIATE RELEASE Commack, Long Island, NY July 27, 2007 CONTACT: Gary W. Wojtas 631-493-3020 Anthony J. Di Masi, vice president of corporate strategy and development at Verizon, is the featured speaker ...
LIA Trade Show Features Verizon VP, Networking and Seminar
Jul-30-2007
FOR IMMEDIATE RELEASE , Long Island, NY July 27, 2007 CONTACT: Gary W. Wojtas 631-493-3020 Anthony J. Di Masi, vice president of corporate strategy and development at Verizon, is the featured speaker ...
Verizon Wireless adds Volusia cell sites
Jul-29-2007
Business Journal - 10:08 AM EDT Friday, July 27, 2007 Verizon Wireless has announced it has constructed two new advanced digital cell sites in to improve and expand wireless service in ...
Verizon snags $100M state VoIP deal
Jul-29-2007
"Tying voice data with data networks is money well spent."
Verizon Communications Inc. has won a five-year, $100 million contract to roll out voice over Internet protocol equipment and services to upgrade 24,000 analog-based telephone handsets for the Bay State's ...
Verizon Wireless to acquire Rural Cellular
Jul-30-2007
"The addition of Rural Cellular's markets will enable us to expand our services into areas where previously we had little or no presence"
Verizon , the nation's second-largest wireless provider behind AT&T, said Monday it will purchase Rural Cellular Corp.
Verizon's FiOS TV Approved by Two More Long Island Communities
Jul-30-2007
"Reaching over 50 communities in New York with FiOS TV in less than two years is a significant milestone for us"
Residents of Long Island's Town of Islip and village of Floral Park are a major step closer to having a real choice for their cable television services, thanks to newly approved agreements authorizing Verizon ...
Verizon pays $757 million for Alexandria wireless firm Rural Cellular
Jul-30-2007
"Now we keep about 9 cents a minute."
Roaming charges may be a thing of the past for most cell phone users, but for Verizon Wireless and other major carriers, they remain a costly price of doing business.
Verizon to put downtown site on market
Jul-30-2007
"If the building is sold, the sale will include arrangements that will ensure a smooth transition of employees to nearby locations. No layoffs are associated with the prospective sale."
Verizon Communications confirmed on Friday that it plans to "explore" the possibility of selling its downtown office building at 185 Franklin St.
Verizon Earnings Up 4.5 Percent
Jul-30-2007
NEW YORK -- Verizon Communications Inc. reported second-quarter earnings that satisfied analyst expectations Monday and said its wireless arm would buy a rural cell-phone carrier to expand its reach.
Verizon Wireless pays out $2.67 billion for Rural Cellular plus $45 per share in cash
Jul-30-2007
The latest news is that of Verizon Wireless who pays out $2.67 billion for Rural Cellular and with this deal, holders of Rural Cellular’s common stock will receive $45 per share in cash under this deal in cash. The sale price at the moment is 41% increase over the closing price which is $31.88 on [...]
Video: Earnings Pour In; Foreclosures Up - video [ROO TV World Markets]
Jul-30-2007
Verizon's and Archer Daniels Midland's bottom lines jump. 7/2007 Reuters
Verizon Wireless To Acquire Rural Cellular For $2.67 Billion
Jul-30-2007
The transaction illustrates the latest trend of major mobile phone service providers trying to grow their subscriber rolls.
Verizon Earnings Rise 4.5% for the Quarter
Jul-31-2007
The increased earnings stemmed from growth in the company’s wireless and advance Internet and video services.
Rural Market Worth $2.67B to Verizon Wireless
Jul-30-2007
The deal to buy Rural Cellular comes just weeks after Sprint gets
its WiMAX deal with Clearwire rolling.
Rural Market Worth $2.67B to Verizon Wireless
Jul-30-2007
The deal to buy Rural Cellular comes just weeks after Sprint gets
its WiMAX deal with Clearwire rolling.
Verizon Quarterly Profit Rises
Jul-30-2007
The company said second-quarter profit rose to $1.7 billion, helped by growth in wireless and high-speed Internet subscribers.
Verizon Earnings Up 4.5 Percent
Jul-30-2007
The company reported second-quarter earnings of $1.68 billion, up 4.5 percent from a year ago, mainly due to its successful cell phone division.
Verizon Wireless To Acquire Rural Cellular For $2.67 Billion
(TechWeb)
Jul-30-2007
TechWeb - The transaction illustrates the latest trend of major mobile phone service providers trying to grow their subscriber rolls.
Verizon and AT&T compete for wireless subscribers
Jul-30-2007
Blog: The two biggest phone companies in the country are vying for new subscribers and the battle looks to be heating up.
Projekt Revolution Tour 2007 - Linkin Park, My Chemical Romance
Jul-29-2007
Aug 03: Projekt Revolution Tour 2007 - Linkin Park, My Chemical Romance at Verizon Wireless Amphitheater
Rural Market Worth $2.67B to Verizon Wireless
Jul-30-2007
Xeon Processors Packed with Latest Server Technologies By adding more servers, the datacenter can quickly grow out of control, and bring power and cooling costs with it.
South end of Catamount Drive closed today
Jul-29-2007
MILTON -- Catamount Drive south, between the Verizon building and the Drug building, will be closed to through traffic this morning through 8 p.m. because of construction.
(Hopefully) you can hear them now
Jul-30-2007
July 27, 2007 at 12:51 pm by Alan Wechsler, Business writer Verizon Wireless has built a new cellular tower in New Baltimore to expand coverage in .
No shirt? No shoes? No problem! Kenny Chesney coming to Charlotte
Jul-30-2007
America's No. 1 country music beach bum, Kenny Chesney, brings his summer tour to Verizon Wireless Ampthitheatre on Thursday.