Verizon today said LTE network is handling about 87 percent of total wireless data traffic in second-quarter 2015. Overall traffic on LTE has doubled in the past year.
4G devices now constitute approximately 73 percent of the retail postpaid connections base, said Verizon.
In the past year, the number of 4G smartphones in Verizon’s customer base has increased by 17.8 million or 40 percent to 61.6 million. It aims to its base of about 16 million basic phone and 9 million 3G smartphone customers to 4G devices.
Verizon Introduces 100/100 Mbps FiOS Internet Speed In New York Metro Area. http://t.co/nBEK4ZqCfJ pic.twitter.com/CcuEc9wQ8b
— Verizon News (@VerizonNews) July 20, 2015
Verizon’s network densification plans including the deployment of small cells, DAS (distributed antenna system) nodes and in-building solutions are on schedule.
Operating revenues of Verizon in Q2 2015 rose 2.4 percent to $32.2 billion.
Verizon said its capital expenditures for 2015 will be between $17.5 billion and $18 billion in the year 2015.
Verizon CFO Fran Shammo said: “In the first half, we invested nearly $18 billion in spectrum licenses and capital for network capacity. We also invested more than $4 billion to acquire new capabilities with the AOL transaction, which supports our longer-term video strategy.”
Verizon expects a higher year-over-year growth rate in third-quarter 2015 than in second-quarter 2015. For the full year, the company estimates consolidated revenue growth of at least 3.0 percent. These growth estimates exclude revenue from AOL. Verizon will include revenues of AOL in its third quarter 2015 results.
Verizon said its wireless revenue rose 5.3 percent to $22.6 billion.
Verizon Wireless had 1.1 million retail postpaid net additions, nearly twice the net additions in first-quarter 2015. Verizon’s retail connections rose 4.7 percent to 109.5 million, while retail postpaid connections grew 5.2 percent to 103.7 million.
Verizon added 842,000 4G smartphones to its postpaid customer base. Tablet net adds totaled 852,000 in the quarter, and net prepaid devices declined by 126,000.
Verizon has posted $165 million revenue from IoT and telematics in the second quarter of 2015 and about $320 million in the first half.
The company said its wireline consumer revenues increased 4.5 percent to $4 billion. FiOS revenues represent 79 percent of the total.
Total FiOS revenues grew 10.0 percent to $3.4 billion.
Verizon added 72,000 net new FiOS Internet connections and 26,000 net new FiOS Video connections. Verizon had totals of 6.8 million FiOS Internet and 5.8 million FiOS Video connections at the end of the second quarter, representing year-over-year increases of 8.1 percent and 6.4 percent, respectively.
FiOS Internet penetration was 41.4 percent. FiOS Video penetration was 35.7 percent, compared with 35.3 percent.
Verizon continues to replace portions of its residential copper network with fiber optics to provide customers with a more reliable and resilient infrastructure. Verizon migrated 51,000 customers who had been using copper connections, toward a full-year goal of 200,000.