Verizon Comments on Strong 2Q Results at Conference
NEW YORK, July 10, 2014 -- Verizon Communications Inc. (NYSE, Nasdaq: VZ) delivered
continued customer growth in the recently concluded quarter, according to comments
made today by Chairman and CEO Lowell McAdam at the Allen & Company conference in
Sun Valley, Idaho.
McAdam said Verizon Wireless expects to report a net of more than 1.4 million retail
postpaid additions in second-quarter 2014. This includes strong smartphone additions,
company-record tablet additions and net additions for handsets. He said Verizon
would report very good retail postpaid churn in second-quarter 2014.
McAdam said Verizon also continues to see Wireless margins consistent with the last
several quarters, with second-quarter 2014 Wireline margin improving compared with
first-quarter 2014.
Verizon will report second-quarter 2014 results on Tuesday, July 22.
Verizon Communications Inc. (NYSE, Nasdaq: VZ), headquartered in New York, is a
global leader in delivering broadband and other wireless and wireline communications
services to consumer, business, government and wholesale customers. Verizon Wireless
operates America's most reliable wireless network, with more than 103 million retail
connections nationwide. Verizon also provides converged communications, information
and entertainment services over America's most advanced fiber-optic network, and
delivers integrated business solutions to customers in more than 150 countries. A
Dow 30 company with more than $120 billion in 2013 revenues, Verizon employs a diverse
workforce of 176,900. For more information, visit www.verizon.com.
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SOURCE Verizon Communications Inc.
CONTACT: Bob Varettoni,
908-559-6388, robert.a.varettoni@verizon.com