Verizon 2Q13 Revenues Up 4.4%; 6.4m LTE Devices Activated In Three Months

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 annualized basis. Consolidated EBITDA totaled 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.

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