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The Verizon telecommunications group, the largest mobile operator in the United States, made a profit of $ 8,912 million this year (+ 11%), boosted by the expansion of its wireless base. # 39; subscribers.
York said in a statement that between January and June his earnings per share was $ 2.10, more than the $ 1.91 in the first half of 2017, while he was earning $ 8,031 million
. The company charged $ 63,975 million during the first six months of the year, 6% more than the same period last year, contributing to results that President and CEO Lowell McAdam has rated as "strong".
who sees Verizon "extremely well positioned for the future," next month offers the telecommunications group's leadership to current executive vice president, Hans Vestberg, although he remains as president executive board of the board until his retirement at the end of the year.
As for the data for the second quarter of 2018, which was still badyzed by Wall Street badysts today, Verizon earned $ 4.246 billion ($ 1 per share), which represents 5 , 2% less than between March and June 2017, when he obtained 4,478 million ($ 1.07 per share).
However, revenues grew by 5.4% during this period, reaching 32,203 million According to Efe-Dow Jones, at an open teleconference to discuss the results, expansion of postpaid customers. of the mobile operator, ie from those who pay bills at the end of each month with long-term contracts.
In total, Verizon has nearly 116.5 million subscribers among prepaid and postpaid customers. in those dates a year ago, how did reach 114.5 million. The number of prepaid cards has however been reduced by 11.3%.
According to its financial document, the group increased its net subscriber base by 531,000 in the second quarter, between telephony and tablets, the figure was lower than the 614,000 achieved in the same quarter the year last.
He added 199,000 new connections to his mobile services, after losing customers in the first few months of the year, and 369,000 to appliances, wearable technology, "while he lost 37,000 connections to tablets. In many cases, a client engages multiple services.
In addition, the group, which is investing in the creation of the new 5G technology network, said that it had a net sum of 398,000 postpaid smartphones, a figure above average. that badysts were anticipating.
In the teleconference, Vestberg pointed out that, although they do not have concrete data on new subscribers to their "unlimited" data plans, they each badume "a higher percentage of most important of the base ". The increase in revenues attributable to the sum of mobile customers offset the decrease in billing in the fixed telephony division (7.5 billion, 3.4% less) and the (1.9 billion) the Oath subsidiary, which includes brands like AOL and Yahoo!
In the fixed telephony division, the Fios service added broadband customers (43,000 connections) but lost television view subscribers (37,000), "between video packet pressures, which encourage cut off (service by) cable. "
Verizon data, published before the opening of Wall Street, were received at mid-session, with an increase of 0.69%. Verizon is one of thirty companies whose securities are included in the Dow Jones Industrial. EFE
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