Verizon adds 1.3mm wireless subs, 300k FiOS subs; Q1 earnings strong

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Following AT&T’s impressive performance in the first quarter of this year, we’ve been anxiously awaiting Big Red’s numbers to see how the nation’s largest carrier performed in Q1. The numbers are in as of this morning and Verizon’s performance was nothing short of impressive. Revenue in the quarter slid in at $26.6 billion — an 11.6 percent climb from the same quarter last year — and cash flow came in at $6.4 billion, up almost 20 percent YoY. Subscriber numbers were impressive as well: Starting with wireless, Big Red is now home to 86.6 million wireless customers. Verizon netted 1.3 million new subscribers excluding the Alltel acquisition, beating AT&T by about 100,000. Who needs the iPhone? Wireline business growth was solid as well, as the company pulled in 299,000 net new FiOS TV customers and 298,000 net new FiOS Internet customers.

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25 Comments
  • Rdb

    Thanks for kicking T-Mobile’s butt, you just caused the suits at the stinky pinky to have another knee jerk reaction. Coming soon, speaker phones you can use underwater!

  • Paul

    They need iPhone! As their data numbers and profit per customer was weak.

  • joecurve

    Can’t wait to read the numbers the Quarter after i-phone release. Quadrupled will be an understatement.

  • the Sgt.

    I have a feeling like the majority of these adds came from Sprint.

  • Codey H.

    Alltel acquisition.. but yes, sprint’s still bleeding.

  • TRV$

    Actually the article states that the 1.3 million new subs is excluding the Alltel acquisition.

  • VZW

    The now network. 10 million are roaming off the Verizon network, 1 million just ported out. This is what’s happening now. The now network.

  • Cedric

    On Apr 27, 2009 @ 12:33 pm, Codey H. Said:
    “Alltel acquisition.. but yes, sprint’s still bleeding.”

    Cody, READ: “Verizon netted 1.3 million new subscribers excluding the Alltel acquisition,”

    Cody, they came from Sprint that is Sprint’s loss same quarter.

  • JustMe

    I do believe Big Red deserves an atta boy.. :)

  • Mike Hunt & Harry Dick

    If the iPhone never came to fruition, where would AT&T be today? This is the only thing that’s keeping them afloat. Verizon doesn’t need one device to keep them going, they have the network, the coverage, customer service and multiple devices.

    Who said EVDO was dying in the U.S.? Again, I’d like to ask, where would AT&T be today if iPhone never existed?

    Hmmmmm…inquiring minds would like to know.

  • angryVZWguy

    why is verizon better than GSM? how will verizon compete? will they offer faster services at a better price? why am i asking?

  • angryVZWguy

    oh i also feel vzw doesny need an iphone, they should just convince comanies to bend to their will and add cdma or what have you verizon capabilities.

  • angryVZWguy

    btw im still rocking the old school chocolate 2 i got for signing up lousy 2 year contract during my rookie cell phone blunders, i initially thought verizon was the better deal for me, but turns out att was better and at a lower price. im waiting out my last year then off to tmobile or att depending on what they offer in terms of cost, since they offer gsm and are android capable. that is unless VZW can convince me to stay by offer better speed and multifunctional phones like gsm companies offers.

  • 3 Phones Jugglin

    FIOS will be relevant when it is available in ALL markets. Not just Townhomes & Apartments/Condos. Im aware of the Lawsuits b/w Comcast & Verizon to offer the Service in the mid-Atlantic and on Comcasts part its just plain selfish. Otherwise, if you not close to those type of neighborhoods your crippled by only having the Option Of comcast. Which @ $62 a month for BASIC is a Monumental rip off.

  • VZW

    There are no diffrences in prices between AT&T and Verizon. CDMA is alot stronger in the US. Verizon 39.99 plan comes with Unlimited nights and weekends, unlike AT&T that does not give you Unlimited Nights and Weekends. Next, Verizon wil loffer the first 4G LTE network in the US. Also, Every network depends on Verizon for Service. Verizon bought Unicel and Alltel which bother have/had GSM service. Verizon uses it for Roaming money which AT&T, T-Mobile, Alltel Blue, Cellular South, US Cellular, Sprint, Cricket, Metro PCS, ect. all use. Every network in the US depends on Verizon for service.

  • backbeat

    ^One minor correction: Nights and weekends are included in all standard voice plans with AT&T. The only limitation is with the 450 min plan which allows 5000 nights/weekend minutes.

  • Tom

    Has anyone seen the sales figure for the Storm? I work at a restaurant and it seems like every table has someone using one lately. They must have sold a sh**load of them recently because I didn’t see many of them the first few months they were out.

  • kick

    Wow Verizon is doing pretty well despite the economy going down the tubes. Now if Verizon got the iPhone on there soon to come 4g network AT

  • joecurve

    God I just can’t wait till verizon gets the iphone and then watch how the “big red bashers” can give me 1 freakin reason why ATT (inferior coverage, customer service) is better!!!!
    The fact that apple aproched verizon 1st to sell the I phone dosent tell you anything????????

  • Godhelpme

    God help me! VZW, AT&T, can’t stand both of those pigs!!!!!

    I’d rather not have a cell phone than go with either of those companies again.

    Tracfone here I come!!!!!!! VM here I come!!!

  • God you need help.

    Remember Verizon turned down the I Phone…. Also if your using a Trac Phone your using Verizon. Dohhhhhhh..

  • TRV$

    @Tom

    Verizon was running a BOGO on blackberries pretty recently, regardless of how poorly the storm has been (allegedly). This might have had something to do with the recent flood of storm’s you’ve been seeing.

    (not attempting to make a pun there)

  • Godhelpme

    I don’t like the iphone, nor do I want one.

    There is VM, and MetroPCS.

    VZW & AT&T are the same in my mind. Will not give my money again to either of those pigs.

  • backbeat

    So -that’s- what a healthy, growing CDMA carrier looks like. ;)

  • i910crazy

    On Apr 28, 2009 @ 4:00 pm, TRV$ Said:

    @Tom

    Verizon was running a BOGO on blackberries pretty recently, regardless of how poorly the storm has been (allegedly). This might have had something to do with the recent flood of storm’s you’ve been seeing.

    (not attempting to make a pun there)

    i910crazy says, “Yeah, but the BOGO offer on BlackBerry’s is actually an insidious plot to get people to adopt an extra PDA/Smartphone. Every user that decides to upgrade to or activate two new BlackBerry’s (when they may have only originally intended to buy 1 or perhaps even a dumb-phone) is a user who will be paying for two voice plans and TWO data plans. The buyer will rightly feel they got a good deal on the hardware, but Verizon will gain over the 2 year agreement with increased data revenues. Very sneaky, indeed. That’s why they’re running the BOGO offer again!”

    “And so what if some of those purchases are Storms. That’s not why they’re everywhere … didn’t you see the number of Storms that were sold from the Thanksgiving launch date till Christmas? It was crazy!!!”

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