Apr
29
Written by:
Editor
4/29/2009 7:14 AM
Verizon Wireless' ARPU (average revenue per user) was up 21 percent in its first quarter after its earnings were buoyed by the company’s recent acquisition of Alltel Wireless.On April 23, Verizon rival AT&T reported less rosy results after its first-quarter profit fell 9 percent on wireline defections and an underfunded pension fund.The first-quarter results include almost a full billing cycle of wireless revenues related to the Alltel purchase, which closed on Jan. 9. The Alltel acquisition boosted revenue to $26.6 billion, an 11.6 increase over 2008’s numbers.These results were helped by a rise in data revenue and Verizon’s fiber-optic-based TV and Internet access service, FiOS.Verizon Wireless posted earnings of 58 cents per diluted share, a slight increase over 2008’s numbers of 57 cents per share. Data has become an important revenue driver for the wireless carrier as wireline customers continue to defect toward mobile phones.
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