VZC Verizon Comms

 
TIDMVZC 
 
Verizon Reports Strong Wireless Customer Growth and 4G Device Adoption in 
                                Fourth Quarter 
 
NEW YORK, Dec. 8, 2014 -- Verizon Communications Inc. (NYSE, Nasdaq: VZ) 
announced today that it continues to see strong momentum for wireless customer 
growth in the fourth-quarter 2014. 
 
The company reported very strong customer demand for 4G smartphones and tablets 
on its More Everything shared data plans on the nation's most reliable wireless 
network in the fourth quarter to date. 
 
Verizon is driving retail postpaid gross additions that are higher both 
sequentially and year over year. New device launches are driving significant 
customer phone upgrades. These are on pace to total as much as 9.5 percent of 
the postpaid customer base by the end of the quarter. 
 
Approximately three out of four upgrades were strategic or high-quality - 
meaning they were from a basic phone or a 3G smartphone or a high-value 
customer. The percentage of customers choosing the Verizon Edge 
equipment-installment plan option so far in fourth-quarter 2014 is tracking to 
24 percent, or double the rate of third-quarter 2014, which was approximately 
12 percent of total phone activations. 
 
As the company is accelerating the upgrades of high-quality customers to 4G, 
total retail postpaid disconnects are trending higher both sequentially and 
year over year in this highly competitive and promotion-filled fourth quarter. 
 
The company expects that the fourth-quarter impacts of its promotional offers, 
together with the strong customer volumes this quarter, will put short-term 
pressure on its wireless segment EBITDA and EBITDA service margin (non-GAAP, 
based on earnings before interest, taxes, depreciation and amortization) as 
well as its consolidated EBITDA margin (non-GAAP) and earnings per share. 
 
In wireline, FiOS continues to drive consumer-revenue growth, while global 
enterprise and wholesale growth remain under both secular and macro-economic 
pressure. The company reiterated that it remains on track to achieve full-year 
expansion of the wireline segment EBITDA margin (non-GAAP). 
 
The company also reiterated that capital spending for 2014 is estimated to be 
around $17 billion. 
 
Verizon will report fourth-quarter 2014 results on Jan. 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 106 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 178,500. For 
more information, visit www.verizon.com/news/. 
 
VERIZON'S ONLINE NEWS CENTER: Verizon news releases, executive speeches and 
biographies, media contacts and other information are available at Verizon's 
online News Center at www.verizon.com/news/. The news releases are available 
through an RSS feed. To subscribe, visit www.verizon.com/about/rss-feeds/. 
 
Forward-Looking Statements 
 
In this communication we have made forward-looking statements. These statements 
are based on our estimates and assumptions and are subject to risks and 
uncertainties. Forward-looking statements include the information concerning 
our possible or assumed future results of operations. Forward-looking 
statements also include those preceded or followed by the words "anticipates," 
"believes," "estimates," "hopes" or similar expressions. For those statements, 
we claim the protection of the safe harbor for forward-looking statements 
contained in the Private Securities Litigation Reform Act of 1995. The 
following important factors, along with those discussed in our filings with the 
Securities and Exchange Commission (the "SEC"), could affect future results and 
could cause those results to differ materially from those expressed in the 
forward-looking statements: the ability to realize the expected benefits of our 
transaction with Vodafone in the timeframe expected or at all; an adverse 
change in the ratings afforded our debt securities by nationally accredited 
ratings organizations or adverse conditions in the credit markets affecting the 
cost, including interest rates, and/or availability of further financing; 
significantly increased levels of indebtedness as a result of the Vodafone 
transaction; changes in tax laws or treaties, or in their interpretation; 
adverse conditions in the U.S. and international economies; material adverse 
changes in labor matters, including labor negotiations, and any resulting 
financial and/or operational impact; material changes in technology or 
technology substitution; disruption of our key suppliers' provisioning of 
products or services; changes in the regulatory environment in which we 
operate, including any increase in restrictions on our ability to operate our 
networks; breaches of network or information technology security, natural 
disasters, terrorist attacks or acts of war or significant litigation and any 
resulting financial impact not covered by insurance; the effects of competition 
in the markets in which we operate; changes in accounting assumptions that 
regulatory agencies, including the SEC, may require or that result from changes 
in the accounting rules or their application, which could result in an impact 
on earnings; significant increases in benefit plan costs or lower investment 
returns on plan assets; and the inability to implement our business strategies. 
 
SOURCE Verizon Communications Inc. 
 
CONTACT:  Bob Varettoni, 908-559-6388, robert.a.varettoni@verizon.com 
 
 
 
 
END 
 

Verizon Comms (LSE:VZC)
Historical Stock Chart
Von Jun 2024 bis Jul 2024

Verizon Comms (LSE:VZC)
Historical Stock Chart
Von Jul 2023 bis Jul 2024