Feeds

Verizon numbers show some fiber

Subs up, but ARPU slips

High performance access to file storage

As expected, Verizon edged even closer to cellular leader Cingular in the quarter ending December 31. Verizon added 2 million net mobile subscribers, 200,000 more than Cingular, bringing the total to 51.3 million. That's an addition of 7.5 million over the year, 17.5 per cent up.

For the final quarter of FY 2005, Verizon booked $19.3bn revenue, up 6.7 per cent year-on-year, and $1.7bn in earnings. The company is a formidable money-making machine: the operating profit for the year was $22bn on revenue of $75bn. If you combined the revenues of Intel, Apple and Google, Verizon will still be almost twice as large.

The emphasis on subscribers took the attention away from an average revenue per subscriber (ARPU) statistic which is heading in the wrong direction. Verizon ARPU fell by 1.9 per cent year-on-year, to $49.36. That's comparable to Cingular but far below rival Sprint.

But Verizon, which launched an over-the-air digital music download service V CAST in the quarter, pointed to growing data revenue from younger users. And all the Stateside carriers are aware that they've barely begun to tap the potential market, compared to the European carriers, where ARPUs are almost ten times that of Verizon and Cingular.

The much-watched FiOS, or fiber-to-the-premises data service now reaches three million homes, nine months after launch, with a take up rate of 14 per cent, claimed Verizon.

Verizon says it's setting aside $550m in the current quarter for integration expenses related to the MCI merger.

Fourth placed carrier T-Mobile, which reports on March 2, yesterday said it had added 1.4 million net new customers in the final quarter of 2005, bringing the total to 21.7 million, up 25 per cent. The Deutsche Telekom subsidiary said it had reduced churn on pay monthly accounts to 2.3 per cent. ®

High performance access to file storage

More from The Register

next story
Sorry London, Europe's top tech city is Munich
New 'Atlas of ICT Activity' finds innovation isn't happening at Silicon Roundabout
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Did a date calculation bug just cost hard-up Co-op Bank £110m?
And just when Brit banking org needs £400m to stay afloat
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
prev story

Whitepapers

Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
HP ArcSight ESM solution helps Finansbank
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Mobile application security study
Download this report to see the alarming realities regarding the sheer number of applications vulnerable to attack, as well as the most common and easily addressable vulnerability errors.