VZW adds 1.5M customers in Q2
July 22 2008 - 1:32 pm ET | Allie Winter | RCR Wireless News
Verizon Wireless released partial second-quarter results showing it added 1.5 million new subscribers to its “Can You Hear Me Now?” network during the period.
The results came in ahead of the 1.3 million customers the industry’s No. 2 carrier posted during the second quarter of 2007, and beat some expectations. Cowen and Co. said it expected the carrier to add 1.2 million customers during the quarter.
Verizon Wireless ended the first half of the year with 68.7 million total customers on its network, with 66.7 million of those being direct, retail customers.
Verizon Wireless’ parent company, Verizon Communications Inc., is set to announce full results for its wireless division July 28. AT&T Mobility is set to release second quarter results July 23.
Verizon Wireless’ results came on the heels of disappointing numbers from Vodafone Group plc, which owns 45% of Verizon Wireless. Vodafone’s stock was down more than 14% early Tuesday on the New York Stock Exchange. Verizon Communications’ stock was down just over 2%.
July 26, 2008 05:59 am
I was unware that voda owned almost half of VZW... interesting.
July 24, 2008 10:20 pm
It seems plausible that Verizon Wireless still has the lowest churn rate since their churn rates are at industry lows in the years' past.Verizon Wireless all the way!!!!...and AT&T? They survive on gimmicks (e.g., free phones, Rollover (ok, that's been around since BellSouth Mobility)) and now the "oh-so-sacred" iPhone.All in all, Verizon Wireless stands for network reliability, network coverage, customer service, etc.
July 24, 2008 12:17 pm
*out there*, excuse me
July 24, 2008 12:17 pm
Verizon is by far the best company over there. We don't have to have "gimmicky" adds like rollover and 7pm nights to get customers! We don't need help!! We do it by customer service and our coverage! Great job once again Verizon!!!
July 24, 2008 06:14 am
VZW SUCKS!!! AT&T MOBILITY!!!
July 23, 2008 03:12 pm
Once again Verizon sets the bar. Verizon added 1.5 million and AT&T added 1.3 million in the results they posted today. It goes to show that even thought they may not have the iphone they can still increase the customer base.
July 22, 2008 01:37 pm
Taking the Best to the Biggest! That's what VZW is about! Great Job Verizon!
July 22, 2008 01:55 pm
Great job Verizon! I am a VZW employee. Im also interested in churn #'s
July 22, 2008 01:55 pm
Great job I say! I am a vzw employee. Im also interested in churn #'s!
July 22, 2008 01:55 pm
greet job vzw.