Skip Links

DNSstuff.com
Get information about your IP
IP Information
50+ On-demand DNS and network tools

Data Center

Videos

rssRss Feed
Get instant email notification when white papers, webcasts, executive guides are added to our library.  Stay informed and up-to-date with the latest on IT Technologies with Network World's Resource Alerts.
Audio

Don't get 'Green Scammed'. Listen now!

Network World's Newsmaker of the Week

Cisco opens ISR routers to developers; SaaS providers cut costs with open source. Listen now!

Network World 360

Additional Resources

RSS

FEATURED WHITEPAPERS

Compliance, Protection, Recovery: A Layered Approach to Laptop Security Absolute Software

A missing computer can result in compliance and confidentiality issues that can be very costly to an organization. This paper discusses the strong relationship between computer theft, regulatory compliance and data security, and examines how IT professionals can protect mobile information by implementing a multi-layered network security approach comprised of various policies, procedures and asset tracking strategies.

RSS

FEATURED REPORTS

Executive Guide: Storage Heats Up HP

Get the latest on storage technologies that allow IT professionals to better cope with new IT demands. Learn how storage technologies can help you successfully tackle e-Discover, regulatory compliance, green data center initiatives and the data explosion. Get all the details now.

IT Buyer's Guides

View All Buyer's Guides

Free Newsletters

Sign up and receive the latest news, reviews and trends on your favorite technology topics

Save The Date!
What They Are Saying

We need more like him, people who point our bugs rather than use it agains others. If he can find it,...- Anonymous

Join the Discussion

Partner Content

Explore the Ultrium Edge

The powerful tape technology can address data security with tape encryption as well as long term data protection.

Find out more

Disk and Tape Square Off

Discover what disk and tape really cost -- and which solution provides lower total cost of ownership and optimizes energy use for your organization

Download the White Paper

Don't Fall For The Myths

The Clipper Group explores the truth behind the myths of tape, digging into the misconceptions in the disk vs. tape debate.

Download the White Paper

Will You Add Tape Too?

Over two thirds of disk-only users look to add tape back into storage infrastructure according to recent survey.

Download Survey Information

Mobile, Fios push Verizon income up

By Grant Gross , IDG News Service , 04/28/2008
  • Social Web 
  • Email 
  • Feedback 
  • Close

Verizon Communications posted net income of US$4.3 billion in the first quarter of 2008, up 14.1 percent from a year earlier, driven by customer demand for its mobile voice and fiber-based Internet and television services.

Verizon on Monday reported revenue of $23.8 billion, up 5.5 percent from the first quarter of 2007. Earnings per share were $0.57, or $0.61 not including one-time charges. That met expectations of analysts polled by Thomson Financial.

"Results for the first quarter were strong and demonstrate we weathered the economic uncertainty," Doreen Tobin, Verizon's chief financial officer, said during a conference call. "We have built positive momentum in all key growth areas."

The company trumpeted the performance of mobile telephone and fiber-based Fios products.

Verizon's mobile phone revenue was $11.7 billion, up 13.2 percent from the first quarter of 2007. The company reported 1.5 million net customer additions during the quarter, which ended March 31.

Mobile data revenue was up 48.9 percent over 2007, totalling $2.3 billion, Verizon said in a news release.

Verizon is in position to increase mobile revenue, Tobin said. The company won a nearly nationwide block of wireless spectrum, plus 102 licenses for individual markets around the country, in the recently completed 700MHz auctions at the U.S. Federal Communications Commission. The company increased its wireless spectrum inventory by about 60 percent in the auctions, Tobin said.

Verizon's Fios product line added a net of 263,000 television customers. The company had 1.2 million Fios TV customers at the end of the quarter, and it has added 850,000 Fios TV customers since the end of the first quarter of 2007.

The company added a net of 266,000 broadband connections, with 262,000 of the additions coming from Fios as opposed to the older DSL (Digital Subscriber Line) technology. Verizon now delivers 8.5 million broadband connections, with 1.8 million of them Fios. The number of broadband connections has increased nearly 15 percent over the first quarter of 2007.

1 | 2 |  Next >
Comment
Login
Forgot your account info?
Add comment
Anonymous comments subject to moderator approval. Register here for member benefits.
Have a NetworkWorld account? Log in here. Register now for a free account.
First Name
Last Name
E-mail
Zip Code