Verizon Communications will spend around $4.8 billion during the current quarter (Q4) towards capital spending (Capex).
Capex in the first nine months of 2013 was $11.8 billion against $11.3 during the same period last year. Verizon’s total Capex during 2013 will be $16.6 billion.
Verizon on Thursday said its revenues in Q3 rose 4.4 percent to $30.3 billion.
Operating income increased 30.0 percent to $7.1 billion.
Operating income margin was 23.5 percent in third-quarter 2013, compared with 18.9 percent in third-quarter 2012.
“These strong third-quarter results reflect Verizon’s long-term investment in reliable, high-quality networks to deliver value to customers. Verizon’s strategic networks form a powerful distribution platform for future growth and innovation,” said Lowell McAdam, chairman and CEO, Verizon.
Verizon Wireless has substantially completed deployment of its 4G LTE network, covering more than 99 percent of its current 3G network footprint.
The Verizon Wireless 4G LTE network is now available in more than 500 markets to 97 percent of the U.S. population and covers more than 303 million people, including those in areas served by the company’s LTE in Rural America partners.
Verizon Wireless revenues increased 7.2 percent to $20.4 billion. Service revenue of Verizon Wireless rose 8.4 percent to $17.5 billion. Retail service revenues grew 8.0 percent to $16.8 billion.
Retail postpaid ARPA (average revenue per account) increased 7.1 percent to $155.74 per month.
In Q3 2013, wireless operating income margin was 33.8 percent compared with 31.8 percent in Q3 2012.
Verizon Wireless added 1.1 million net retail connections, including 927,000 retail postpaid net connections in the third quarter. At the end of the third quarter, the company had 101.2 million retail connections — a 5.5 percent increase year over year — including 95.2 million retail postpaid connections.
Verizon Wireless had 35 million retail postpaid accounts.
Smartphones accounted for more than 67 percent of the Verizon Wireless retail postpaid customer phone base, up from 64 percent at the end of second-quarter 2013.
Verizon’s Wireline consumer revenues rose 4.3 percent to $3.7 billion. Consumer ARPU for wireline services increased to $112.86, up 8.7 percent compared with third-quarter 2012.
FiOS revenues grew 13.4 percent, to $2.8 billion in third-quarter 2013, compared with $2.5 billion in third-quarter 2012.
Verizon added 173,000 net new FiOS Internet connections, up 27.2 percent from third-quarter 2012 — and 135,000 net new FiOS Video connections, up 13.4 percent. Verizon had a total of 5.9 million FiOS Internet and 5.2 million FiOS Video connections at the end of the quarter, representing year-over-year increases of 12.6 percent for each.