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Verizon sets industry growth record
Posted: 24-Jan-2006 [Source: Verizon Wireless]

[Verizon Wireless adds 2 million customers Q405, an industry record.]

Bedminster, NJ -- Verizon Wireless today announced fourth-quarter 2005 net wireless customer additions of 2.0 million, an industry record to date and an increase of 20.5 percent over the fourth-quarter 2004.

For full-year 2005, Verizon Wireless added a net of more than 7.5 million customers, up 19.5 percent over 2004, and served 51.3 million customers nationwide as of year-end. While adding record volumes of new customers, the company maintained strong margins throughout the year.

Fourth quarter 2005 is the company's 14th consecutive quarter of double-digit, year-over-year quarterly net add growth. It is the seventh consecutive quarter in which the company added more than 1.5 million net customers.

Verizon Wireless also reports it has the highest loyalty level in the industry, as measured by the rate of customer churn, or turnover.

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