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Verizon Wireless shows strong 4Q results
Posted: 29-Jan-2008 [Source: Verizon Wireless]

[Verizon Wireless reports total customers increased by 11.3 percent year-over-year totaling 65.7 million.]

Mountain View, CA -- Wireless Strength Continues for Quarter, Full Year

Verizon Wireless continues to be the most profitable domestic wireless company and the largest in terms of retail customers. In the fourth quarter:

* Total customers increased to 65.7 million, up 11.3 percent year-over-year.

* 1.6 million of a total 2.0 million (retail and wholesale) net customer additions were retail post-paid customers.

* Verizon Wireless continued its industry-leading customer loyalty, with 1.20 percent total churn. Churn among retail post-paid customers, 93 percent of all its customers, was under 1.0 percent for the quarter and the full year.

* Total revenues in the quarter were $11.4 billion, up 13.3 percent; service revenues were $9.9 billion, up 13.7 percent, driven by customer growth and demand for data services. Full-year revenues were $43.9 billion, up 15.3 percent.

* ARPU (average monthly revenue per customer) levels increased year-over-year for the seventh consecutive quarter: retail ARPU of $51.49 was up 1.4 percent; retail data ARPU of $11.06 was up 36.0 percent.

* Wireless operating income margin was 26.2 percent. EBITDA margin on service revenues (non-GAAP) was 43.6 percent. (EBITDA is earnings before interest, taxes, depreciation and amortization.)

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