Verizon total customers

Verizon total customers DEFAULT

Verizon Communications

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In his third year as CEO, Hans Vestberg continued to do what he promised Verizon’s board he would do when he interviewed for the top job in 2018: focus on 5G wireless. Spending $18 billion in 2020, Verizon doubled the number of cities with its superfast 5G technology to over 60 and added another slower layer of 5G that provided nationwide coverage (even if it was not much faster than 4G). With the speedier version of Verizon's 5G service ranked as the world’s fastest, Apple invited Vestberg on stage to help introduce iPhone 12 models that are compatible with the technology. The carrier also added a partnership with Microsoft’s Azure cloud service to offer connections over its 5G network, following an earlier deal with Amazon. In early May 2021, meanwhile, Verizon took a big step away from being a content provider, selling its media group—which includes the AOL and Yahoo brands—to private equity firm Apollo Global Management.

Sours: https://fortune.com/company/verizon/fortune500/

Verizon loses more-than-expected wireless subscribers

April 21 (Reuters) - Verizon Communications Inc (VZ.N) said on Wednesday it lost more wireless subscribers than expected during the first quarter as it battled intense competition from T-Mobile US Inc (TMUS.O) and AT&T Inc (T.N) to attract customers.

As the 5G technology gains traction, customers have been exploring competitive options from the big three telecoms carriers, which are making big investments to upgrade their networks.

Verizon lost 178,000 wireless phone subscribers in the first quarter, more than 121,700 subscriber loss estimated by FactSet.

Total operating revenue rose about 4% to $32.9 billion, compared with analysts' estimates of $32.46 billion, according to IBES data from Refinitiv.

In February, AT&T, Verizon and T-Mobile won $78 billion in bids in the government's auction of C-Band spectrum, which is seen as the most likely short-term source of available spectrum for next-generation 5G networks.

To finance the purchase, Verizon raised $12 billion in the fourth quarter and more than $31 billion in March this year, the wireless carrier said.

Reporting by Akanksha Rana in Bengaluru; Editing by Anil D'Silva

Our Standards: The Thomson Reuters Trust Principles.

Sours: https://www.reuters.com/business/verizon-loses-more-than-expected-wireless-subscribers-2021-04-21/
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List of United States wireless communications service providers

OperatorVoice technologyData technologySubscribers
(in millions)Coverage
(excluding roaming)Ownership Appalachian Wireless[12]CDMA2000EV-DO, LTE0.138[13] (February 2021)KY, WVEast Kentucky Network, LLC AT&T Mobility
•Includes Cricket WirelessUMTS, VoLTE, Wi-Fi callingHSPA+, LTE, NR97.8 (Q2 2021)[4]Contiguous US; AK, HIAT&T Inc.Big River BroadbandLTEUnknownMOBig River TelephoneBravado Wireless
•Former Sprocket WirelessCDMA2000EV-DO, LTEUnknownOKCross Communications Bug Tussel Wireless
wholesale roaming providerUMTSHSPA+, LTEUnknownWIBug Tussel Wireless, LLC C Spire WirelessCDMA2000EV-DO, LTE1.2[14] (May 2016)MS, TN, FL, AL,Telapex, Inc. Carolina West WirelessCDMA2000EV-DO, LTE0.08 (April 2013)[15]NCCarolina West Wireless, Inc. CellcomCDMA2000EV-DO, LTE0.3[16] (July 2013)WINSight Telservices Cellular OneGSM, UMTS, wholesale CDMA2000[17]EDGE, HSPA+, LTEUnknownTX, LAAlta CommunicationsCellular One of North East ArizonaGSM, UMTS, VoLTEEDGE, HSPA+, LTE, LTE CSFB0.1[13] (July 2018)AZ, NMSmith Bagley Inc. Chariton Valley Wireless
•Being acquired by Verizon Wireless[18]CDMA2000EV-DO, LTEUnknownMOChariton Valley Telephone Company Chat MobilityCDMA2000EV-DO, LTEUnknownIARSA 1 and Iowa RSA No. 2 Limited Partnership Choice WirelessCDMA2000EV-DO, LTEUnknownNV, CO, AZ, NM, VIAtlantic Tele-NetworkColorado Valley CommunicationsLTEUnknownTXColorado Valley Telephone Coop Commnet Wireless (wholesale)CDMA2000, GSMEV-DO, EDGE, UMTS, LTEUnknownAZ, CO, MT, NM, NV, TX, UT, WYAtlantic Tele-NetworkCuster Telephone CooperativeCDMA2000EV-DO, LTEUnknownIDCuster Telephone Cooperative, Inc Dish Wireless
•Includes Boost Mobile and Ting MobileUses T-Mobile US as MVNO until own network is complete, will use VoNR[19]Uses T-Mobile US as MVNO until own network is complete, will use Standalone NR[20]8.89 (Q1 2021)[5]Contiguous US Dish Network CorporationDTC WirelessLTEUnknownTNAdvantage Cellular Systems, Inc. ETC
Enhanced Telecommunication CorporationCDMA2000EV-DO, LTEUnknownINMiles Communications Evolve BroadbandLTEUnknownTXWorldcall Interconnect Inc. FTC WirelessUMTSHSPA+, LTE[21]UnknownSCFarmers Telephone Cooperative Inc. Illinois Valley CellularCDMA2000EV-DO, LTEUnknownILIllinois Valley Cellular RSA 2-III Partnership Indigo WirelessGSM, UMTSEDGE, HSPA+, LTEUnknownPAIndigo Wireless Infrastructure NetworksLTEUnknownTX, NDInfrastructure Networks, Inc. Inland CellularCDMA2000EV-DO, LTE0.013[22](July 2013)WA, IDInland Cellular Lexvor Wireless VoLTE, Wi-Fi calling
(legacy: CDMA2000[23]) LTE, NR
(legacy: EV-DO[23]) Unknown US Lexvor Inc. Limitless MobileUMTSHSPA+, LTEUnknownPALimitless Mobile, LLC MobiCDMA2000, VoLTEEV-DO, LTEUnknownHIMobi, Inc.Nemont
includes Sagebrush CellularCDMA2000EV-DO, LTE0.012MT, NDNemont Telephone Cooperative Nex-Tech WirelessCDMA2000EV-DO, LTEUnknownKSNex-Tech NNTC WirelessCDMA2000EV-DOUnknownCONucla Naturita Telephone Company NorthwestCellCDMA2000EV-DO, LTEUnknownMONorthwestCell NVCCDMA2000EV-DO, LTE0.01SDJames Valley Telecommunications Patriot Mobile Pine Belt WirelessCDMA2000EV-DO, LTEUnknownALPine Belt Communications Pine CellularGSM, UMTSEDGE, HSPA+, LTEUnknownOKPine Cellular, Inc Pioneer CellularCDMA2000EV-DO, LTE0.06[13] (January 2014)OK, KSPioneer Cellular PTCIGSM, UMTSEDGE, HSPA+, LTEUnknownOKPanhandle Telecommunication Systems, Inc Redzone WirelessLTEUnknownMERedzone Wireless, LLC Rock WirelessUMTSHSPA+, LTE[24]UnknownND, SDStanding Rock Telecom (Tribally Owned) RTC CommunicationsVoLTELTEUnknownINRTC Communications, LLC Silver Star CommunicationsCDMA2000EV-DO, LTEUnknownWYSilver Star Telephone Company, Inc Snake River PCSCDMA2000EV-DOUnknownOREagle Telephone System Southern LincVoLTELTE0.17[25] (April 2011)AL, GA, MS, FLSouthern CompanySTRATA NetworksCDMA2000EV-DO, LTEUnknownUT, WY, COUintah Basin Electronics Telecommunications, Inc. TampnetGSMEDGE, LTEUnknownGulf of MexicoTampnet T-Mobile US
•Includes Metro by T-Mobile
•Includes the former Sprint networkGSM, CdmaOne, UMTS, VoLTE,[26]Wi-Fi callingEDGE, CDMA2000 1xRTT, 1x Advanced, EV-DO Rev 0, Rev AHSPA+, LTE, NR104.8 (Q2 2021)[3]Contiguous US; HI, PR, VIDeutsche Telekom AG (43%)
SoftBank Group Corporation (24%)
free float (33%)[27][28]Thumb CellularCDMA2000EV-DO, LTE0.037MIAgri-Valley Communications Triangle Mobile
•Being acquired by Verizon Wireless[29]CDMA2000EV-DO, LTEUnknownMTTriangle Telephone Cooperative Association, Inc. Union WirelessGSM, UMTSEDGE, HSPA+, LTE0.041WY, COUnion Telephone United Wireless
•Includes Westlink Communications CDMA2000EV-DO, LTE0.022[30] (Sep 2016)KSUnited Wireless Communications, Inc. U.S. CellularCDMA2000, VoLTE, Wi-Fi callingEV-DO, LTE5.0[31] (March 2019)23 statesTelephone and Data Systems Inc.Verizon WirelessVoLTE, Wi-Fi calling
(legacy: CDMA2000[23])LTE, NR
(legacy: EV-DO[23])121.3 (Q2 2021)[2]Contiguous US; AK, HIVerizon Communications Inc.Viaero WirelessGSM, UMTS, VoLTEEDGE, HSPA+, LTE0.110CO, KS, NE, SD, WYNortheast Colorado Cellular, Inc. VTelLTEUnknownVTVermont Telephone Company, Inc. West Central Wireless
•Including Right Wireless and Five Star WirelessGSM, UMTS, VoLTEEDGE, HSPA+, LTE0.04[32] (November 2012)TXCentral Texas Telephone Cooperative, Inc. WUELTEUnknownNVWue, Inc. Northern Pacific Wireless Wi-Fi calling, VoEX 802.11EX Hybrid Data Transfer Unknown CA NorthenPW LLC.
Sours: https://en.wikipedia.org/wiki/List_of_United_States_wireless_communications_service_providers
How to Save Money on Your Verizon Wireless Bill! From a Former Employee! (Lowering Your Mobile Bill)

Verizon Wireless - Statistics & Facts

Published by S. O'Dea, Jun 28, 2021
Verizon Communications is a broadband and telecommunications operator headquartered in New York. It is one of the three largest telecommunications operators in the United States, alongside AT&T Inc. and T-Mobile US, generating around 129 billion U.S. dollars in annual revenue.

Verizon: service to millions


The company has a retail customer base of approximately 120 million subscribers in 2019. Verizon's average monthly churn rate is around 1.3 percent as of 2019. Verizon does not report average revenue per user (ARPU), choosing to focus instead on the metric of average revenue per account (ARPA), which has declined over the past few years from almost 160 U.S. dollars in 2014 to 118.4 U.S. dollars in 2020.

Verizon Communications employs approximately 135,000 people and provides a range of communications, information, and entertainment products and services to consumers, businesses, and government agencies, both in the U.S. wireless and wireline markets.

In the wireless segment, AT&T and Verizon continue to tussle for top position. T-Mobile US still sits in third place, behind Verizon, despite gaining ground in terms of revenue following the merger with the Sprint Corporation in 2020. Similarly, in the wireline market, AT&T and Verizon hold the top spots, while CenturyLink holds the third-largest market share. This success contributes to Verizon being considered one of the most valuable telecom brands globally.

Positioning for 5G


The company went through strategic restructuring in 2018 and 2019 and stopped the operational split between wireless and wireline businesses. It has now two strategic business units: Verizon Consumer Group and Verizon Business Group, which provide wireless and wireline services and products to retail customers and business/government customers respectively. This is Verizon's effort to ensure the delivery of new best-in-class customer experiences and to be better positioned to meet the growth opportunities in the 5G era.

Verizon’s 5G service covers approximately 400 thousand square miles of the United States through 231 million points-of-presence (POP), putting them behind T-Mobile US and AT&T on both metrics.

This text provides general information. Statista assumes no liability for the information given being complete or correct. Due to varying update cycles, statistics can display more up-to-date data than referenced in the text.

Key figures

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Verizon Wireless

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Published by S. O'Dea, Jun 28, 2021
Verizon Communications is a broadband and telecommunications operator headquartered in New York. It is one of the three largest telecommunications operators in the United States, alongside AT&T Inc. and T-Mobile US, generating around 129 billion U.S. dollars in annual revenue.

Verizon: service to millions


The company has a retail customer base of approximately 120 million subscribers in 2019. Verizon's average monthly churn rate is around 1.3 percent as of 2019. Verizon does not report average revenue per user (ARPU), choosing to focus instead on the metric of average revenue per account (ARPA), which has declined over the past few years from almost 160 U.S. dollars in 2014 to 118.4 U.S. dollars in 2020.

Verizon Communications employs approximately 135,000 people and provides a range of communications, information, and entertainment products and services to consumers, businesses, and government agencies, both in the U.S. wireless and wireline markets.

In the wireless segment, AT&T and Verizon continue to tussle for top position. T-Mobile US still sits in third place, behind Verizon, despite gaining ground in terms of revenue following the merger with the Sprint Corporation in 2020. Similarly, in the wireline market, AT&T and Verizon hold the top spots, while CenturyLink holds the third-largest market share. This success contributes to Verizon being considered one of the most valuable telecom brands globally.

Positioning for 5G


The company went through strategic restructuring in 2018 and 2019 and stopped the operational split between wireless and wireline businesses. It has now two strategic business units: Verizon Consumer Group and Verizon Business Group, which provide wireless and wireline services and products to retail customers and business/government customers respectively. This is Verizon's effort to ensure the delivery of new best-in-class customer experiences and to be better positioned to meet the growth opportunities in the 5G era.

Verizon’s 5G service covers approximately 400 thousand square miles of the United States through 231 million points-of-presence (POP), putting them behind T-Mobile US and AT&T on both metrics.

This text provides general information. Statista assumes no liability for the information given being complete or correct. Due to varying update cycles, statistics can display more up-to-date data than referenced in the text.
Sours: https://www.statista.com/topics/2599/verizon-communications/

Customers verizon total

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FierceWireless. (August 1, 2020). Number of subscribers to wireless carriers in the U.S. from 1st quarter 2013 to 2nd quarter 2020, by carrier (in millions) [Graph]. In Statista. Retrieved October 18, 2021, from https://www.statista.com/statistics/283507/subscribers-to-top-wireless-carriers-in-the-us/

FierceWireless. "Number of subscribers to wireless carriers in the U.S. from 1st quarter 2013 to 2nd quarter 2020, by carrier (in millions)." Chart. August 1, 2020. Statista. Accessed October 18, 2021. https://www.statista.com/statistics/283507/subscribers-to-top-wireless-carriers-in-the-us/

FierceWireless. (2020). Number of subscribers to wireless carriers in the U.S. from 1st quarter 2013 to 2nd quarter 2020, by carrier (in millions). Statista. Statista Inc.. Accessed: October 18, 2021. https://www.statista.com/statistics/283507/subscribers-to-top-wireless-carriers-in-the-us/

Sours: https://www.statista.com/statistics/283507/subscribers-to-top-wireless-carriers-in-the-us/
Verizon: Lessons Learned from Managed SD-WAN Deployments (Retail \u0026 Finance)

Verizon pulls 2020 revenue view as it loses wireless subscribers

(Reuters) - Verizon Communications Inc VZ.N withdrew its full-year revenue outlook on Friday as it lost 68,000 phone subscribers who pay a monthly bill in the first quarter amid lockdowns due to coronavirus outbreak that closed 70% of its stores.

Verizon shares fell 0.5%.

Store closures led to a significant drop in customer activity and device volumes in the quarter, the telecom operator said. The company stopped selling phones in its stores and encouraged customers to buy devices online.

Analysts expected Verizon to gain just 100 subscribers in the quarter ended March 31, according to research firm FactSet.

Verizon reported postpaid phone churn of 0.82% in the first quarter, compared to 0.84% in the same period last year.

Jonathan Chaplin, an analyst at New Street Research, said in a report that lower churn should have outweighed the impact of lower gross adds.

“Verizon has been losing subscribers in the first quarter for the last few years – churn is higher than gross adds,” Chaplin said. “With the drop in switching activity induced by social distancing, Verizon should have benefited.”

Verizon is the second telecoms giant to pull its guidance after AT&T Inc T.N.

The company also reduced its full-year adjusted earnings per share outlook to between a growth of 2% and a fall of 2%. It had earlier expected a growth of 2% to 4%.

Verizon maintained its capital expenditure guidance of $17.5 billion to 18.5 billion, which was raised by 500 million in March.

The No. 1 U.S. wireless company said that it would continue to roll out 5G, the next generation of wireless, and improve its 4G network. The company said the virus reduced its earnings by 4 cents per share in the first quarter.

VerizonMedia, which owns Yahoo! and TechCrunch, took a big hit from the pandemic’s effects as advertising spending came to a complete halt.

VerizonMedia revenues were $1.7 billion, down 4.0 percent year over year. The company said that it saw more readers on its media platforms, but advertising rates have declined.

Last week, Verizon acquired Zoom video conferencing rival BlueJeans as more people are forced to work from home during the coronavirus pandemic.

In the first quarter, Verizon’s earned $1.26 per share, above analysts’ average estimate of $1.22, according to IBES data from Refinitiv.

Total operating revenue for the wireless carrier fell 1.6% to $31.6 billion from a year earlier.

Analysts had expected revenue of $32.27 billion.

Analysts expect to see much of the COVID-19’s impact on Verizon’s businesses in the second quarter.

Sours: https://www.reuters.com/article/us-verizon-results-idUSKCN2261R4

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