Telecom Lead America: Verizon says its 4G LTE service is available to 287 million people in 491 markets across the U.S., covering more than 95 percent of Verizon’s current 3G network footprint.
Verizon Communications has posted 4.2 percent year-over-year increase in revenues to $29.4 billion in first-quarter 2013.
Operating income rose 19.8 percent to $6.2 billion.
Growth in revenue and net income was supported by strong revenue gains from wireless, FiOS and global enterprise services.
Operating income margin was 21.1 percent in first-quarter 2013, compared with 18.4 percent in first-quarter 2012.
“Investments in wireless, wireline and global networks have given us the platforms to sustain momentum and take advantage of growth opportunities in key markets for broadband, video and cloud services,” said Lowell McAdam, chairman and CEO, Verizon.
Total revenues were $19.5 billion, up 6.8 percent. Service revenues in the quarter totaled $16.7 billion, up 8.6 percent. Retail service revenues also grew 8.6 percent to $16.2 billion.
Retail postpaid ARPA (average revenue per account) increased 6.9 percent to $150.27 per month.
Verizon Wireless added 677,000 retail postpaid net connections, out of a total 720,000 net retail connections, in the first quarter.
Verizon expects a similar pattern of accelerating customer growth in 2013.
The company had 98.9 million retail connections, up 6.4 percent including 93.2 million retail postpaid connections.
Verizon Wireless had 34.9 million retail postpaid accounts, up 1.1 percent, and an average of 2.7 connections per account, up 5.1 percent.
Smartphones accounted for more than 61 percent of the Verizon Wireless retail postpaid customer phone base, up from 58 percent at the end of fourth-quarter 2012.
Retail postpaid churn was 1.01 percent, up 5 basis points. Retail churn was 1.30 percent, up 6 basis points.
Verizon had 188,000 FiOS Internet and 169,000 FiOS Video net additions, with continued increased sales penetration for both services.
FiOS revenues rose 15.1 percent to $2.6 billion.
FiOS consumer ARPU increased 9.5 percent to $107.15.
Consumer revenues rose 4.3 percent to $3.6 billion.
FiOS revenues grew 15.1 percent to $2.6 billion.
ARPU for FiOS customers continued to be more than $150 in first-quarter 2013.
Broadband connections touched 8.9 million, up 1.4 percent. Overall, net broadband customers increased 99,000, as FiOS Internet net customer additions more than offset fewer subscribers for DSL-based High Speed Internet services.
Verizon migrated 83,000 homes to fiber, toward a target of 300,000 migrations within FiOS markets in 2013.
Sales of strategic services to global enterprise customers increased 6.0 percent compared with first-quarter 2012 and represented 55.6 percent of total enterprise revenues.