Verizon revenue up 4 percent in 2011 to $111 billion

By Telecom Lead Team: Verizon has clocked $110.87 billion revenue in
2011, registering 4 percent growth over $106.56 billion in 2010. Its net profit
decreased 0.2 percent to $10.19 billion from $10.21 billion.

In Q4 2011, its revenue was $28.43 billion, showing 7.7 percent
increase from $26.39 billion in Q4 2010. Verizon reported a net loss of $212
million in Q4 2011 as against $4.64 billion in the corresponding quarter
previous year.

Verizon Wireless produced particularly strong growth in the fourth
quarter.  While that diluted wireless margins in the short term, it is
good news for revenue and margin growth over the long term, particularly given
its leadership in the rapidly developing 4G LTE ecosystem.

Wireless was
$18.3 billion in total Q4, up 13.0 percent year over year.

data revenue was $6.3 billion, up 19.2 percent, representing 41.6 percent of
service revenues.

It clocked
$15.1 billion in service revenues, up 6.4 percent.

telecom giant reported 1.5 million retail net additions (excluding acquisitions
and adjustments), largest increase in three years, includes 1.2 million retail
postpaid net customer additions.

present, Verizon has 108.7 million total connections, including 92.2 million
retail customers.

posted 2.6 percent growth in retail service ARPU over Q4 2010. Retail postpaid
data ARPU is up 14.3 percent.

reported 201,000 FiOS Internet and 194,000 FiOS Video net additions, with
increased sales penetration for both products. There was a net increase of
98,000 broadband connections from 3Q 2011.

ARPU was more than $148 per month. Year-over-year increase in consumer ARPU was
8.5 percent.

reported 14.7 percent increase in strategic services revenues, representing 51
percent of global enterprise revenues.

finished 2011 very strong, both in terms of revenue growth and by delivering an
18.2 percent total return to our shareholders for the full year, and the
company has great momentum for 2012,” said Lowell McAdam, Verizon
chairman, president and chief executive officer. 

margins recovered from third-quarter pressures, and we expect wireline margin
expansion in 2012.  With recent strategic moves and our investments in
FiOS, LTE, and global IP and cloud-based strategic services, Verizon has set
the stage for accelerated growth across our business units, and we look to continue
to build significant value for shareholders in 2012,” McAdam added.

[email protected]