Verizon adds 1.7 mil for 1Q 07
1.7 million total net customer additions; 60.7 million total customers, an increase of 14.5 percent year-over-year.
1.6 million retail net customer additions, an increase of 1.4 percent from 1Q 2006; 58.5 million total retail customers, more than any other U.S. wireless carrier, an increase of 15.4 percent year-over-year.
1.08 percent retail churn and 0.89 percent retail post-paid churn -- continued industry-leading results.
Largest U.S. wireless company, based on total revenues, up 17.0 percent from 1Q 2006; total data revenues up 80 percent year-over-year; EBITDA margin (non-GAAP) of 44.3 percent; retail service ARPU up nearly 3 percent year-over-year.
1.6 million retail net customer additions, an increase of 1.4 percent from 1Q 2006; 58.5 million total retail customers, more than any other U.S. wireless carrier, an increase of 15.4 percent year-over-year.
1.08 percent retail churn and 0.89 percent retail post-paid churn -- continued industry-leading results.
Largest U.S. wireless company, based on total revenues, up 17.0 percent from 1Q 2006; total data revenues up 80 percent year-over-year; EBITDA margin (non-GAAP) of 44.3 percent; retail service ARPU up nearly 3 percent year-over-year.
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Total data revenues continued to climb during the first quarter, contributing $1.6 billion, up 80 percent over the prior year. Data revenues were 17.4 percent of all service revenues in the first quarter, up from 11.5 percent in the first quarter 2006. Retail data service ARPU increased 54 percent over the year-ago quarter to $8.95. The company had 36.0 million retail data customers in March -- a 37.5 percent increase from first quarter 2006.
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sangyup81 said:
62.2 for at&t now vs. 60.7 for VZW
Stan Sigman can still keep his job. 😉
Maybe not for too much longer. When the Cing-ATTW merger happened, what.. 2 1/2 years ago?.. , Cing's lead was something like 5.5 million. Now it's down to 1.5 mil.
At this rate, VZW will take back the #1 position that Cing paid tens of billions for in about a year. Does Sigman get fired then?
Of course, the 'iPhone effect' may save the day for the new ATT/Cing, at least for awhile. No wonder the guy was so happy at Macworld in January. 😁
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Let's see, his initiatives have lowered churn dramatically and they are making 10 Billion in profit.
Why exactly would he be at risk of losing his job?
Why exactly would he be at risk of losing his job?
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texaswireless said:
Let's see, his initiatives have lowered churn dramatically and they are making 10 Billion in profit.
Why exactly would he be at risk of losing his job?
If he lost #1 to VZW, and ATT/Cing continued to perform less well than VZW over the long haul, even after his plan was fully completed? Yeah, I think the guy might eventually end up on the hotplate.
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If?
Why the if?
Based on present information he is generating significant profits for his shareholder (now ATT) and has lowered churn 66% during his tenure.
IF they go in the tank then sure. IF my business starts to suck I may go bankrupt.
Verizon had a good quarter but come on, this is just homering at it's best.
Why the if?
Based on present information he is generating significant profits for his shareholder (now ATT) and has lowered churn 66% during his tenure.
IF they go in the tank then sure. IF my business starts to suck I may go bankrupt.
Verizon had a good quarter but come on, this is just homering at it's best.
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Not really. In any biz, you always get compared to the best. Shareholders and board members point to the best performer in the industry as the benchmark an' say, "Why can't YOU do that?". 😛
Its actually pretty common... no IFs, ands, or butts 'bout that.
And I think I remember reading an interview where Sigman himself compared Cingular to Verizon A LOT, on almost everything. So the comparison seems to be in his head a lot too. No doubt for good reason.
In any case, hats off to VZW for another great quarter. Some peeps were sayin' that ATT's results were proof that the market has hit saturation, but lookin at VZW's, maybe not yet.
Its actually pretty common... no IFs, ands, or butts 'bout that.
And I think I remember reading an interview where Sigman himself compared Cingular to Verizon A LOT, on almost everything. So the comparison seems to be in his head a lot too. No doubt for good reason.
In any case, hats off to VZW for another great quarter. Some peeps were sayin' that ATT's results were proof that the market has hit saturation, but lookin at VZW's, maybe not yet.
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In any biz they expect results, they expect direction and they expect a focus on a goal.
Shareholders are very happy with the tracking of their goals, results and direction. Not sure where you can point to information that says otherwise.
Shareholders are very happy with the tracking of their goals, results and direction. Not sure where you can point to information that says otherwise.
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I dunno Tex. Sigman did say his plan needed three years, so he gets a grace period, which ends in late '07.
But after that, if VZW continues to outperform ATT/Cing pretty consistently (as they've been doing), and Sigman loses #1? Things start to look not so great for the guy. After Q4 this year, the excuses are over... his plan is allegedly complete, so he's expected to match or beat VZW. And that's not unreasonable. Why should ATT/Cing perform accept less than industry-leading performance?
We'll be able to judge this starting in early '08. 'til then, its just your opinion vs mine, and we'll agree to disagree. 😎
But after that, if VZW continues to outperform ATT/Cing pretty consistently (as they've been doing), and Sigman loses #1? Things start to look not so great for the guy. After Q4 this year, the excuses are over... his plan is allegedly complete, so he's expected to match or beat VZW. And that's not unreasonable. Why should ATT/Cing perform accept less than industry-leading performance?
We'll be able to judge this starting in early '08. 'til then, its just your opinion vs mine, and we'll agree to disagree. 😎
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Good backtrack.
First, his head is on the chopping block, then it is an IF, then he has a year.
ALL CEO's job security is based on what have you done for me lately. You said nothing profound.
First, his head is on the chopping block, then it is an IF, then he has a year.
ALL CEO's job security is based on what have you done for me lately. You said nothing profound.
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The bottom line is cingular is consistently losing market share to verizon, and thats got to sting!
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Platypus said:
The bottom line is cingular is consistently losing market share to verizon, and thats got to sting!
Yep. ATT/Cing is what... 2-8 vs Verizon since the merger?
But I'm not going to laugh at the iPhone. That thing is amazing, and is going to help them. The only question is, by how much?
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While Cingular does not happy about losing market share to anyone that is not their only goal. When you hit 5 out of 6 goals consistantly (one of which is profitability) you are not at risk of losing your job. To say otherwise is baseless. THAT is my point.
I say it now and have many many time, Verizon is a great company. This is about the facts, and the facts do not support that Sigmun is on a hot seat for his job.
I say it now and have many many time, Verizon is a great company. This is about the facts, and the facts do not support that Sigmun is on a hot seat for his job.
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He promised to resign if he lost the #1 spot. Of course, if it happens due to a purchase of Alltel, that might save him since he can say that doesn't count.
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I heard about it at a VZW Dealer Kickoff event. I'm looking for the source. I might have to ask my Account Rep about that.
"Let's help him lose his job this year!"
"Let's help him lose his job this year!"
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sangyup81 said:
He promised to resign if he lost the #1 spot.
Holy crap! I guess he's out of a job in about a year then, unless the iPhone does wonders for ATT.
I'll give him credit though... it takes guts to make that kind of offer publicly, if he really did say that. Well, if he intends to follow through on it, that is. 😉
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SystemShock said:sangyup81 said:
He promised to resign if he lost the #1 spot.
Holy crap! I guess he's out of a job in about a year then, unless the iPhone does wonders for ATT.
I'll give him credit though... it takes guts to make that kind of offer publicly, if he really did say that. Well, if he intends to follow through on it, that is. 😉
Also, didn't Sigman set a goal to be leading in all major industry metrics by the end of 2007? That sure ain't happening either, VZW is beating them in most metrics, most especially churn.
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texaswireless said:
Good backtrack.
First, his head is on the chopping block, then it is an IF, then he has a year.
ALL CEO's job security is based on what have you done for me lately. You said nothing profound.
Oh, waaaaah. Stop cryin', and put away your 'I heart Stan Sigman' T-shirt. 🙄
What I said early on:
"If he lost #1 to VZW, and ATT/Cing continued to perform less well than VZW over the long haul, even after his plan was fully completed? Yeah, I think the guy might eventually end up on the hotplate."
That didn't change over the course of the convo. So the 'backtracking'? Yeah, pretty much only in your own mind, Texy.
Look on the bright side... Stan loses his job, you can be the...
(continues)
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Was hoping for 2.0 million. Guess the whole wireless industry is slow then.
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sangyup81 said:
Was hoping for 2.0 million. Guess the whole wireless industry is slow then.
I dunno 'bout that. 1.7 mil was what Verizon got the last two years during Q1, I believe.
They seem to be on track, while others are slowing.
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I'd have to see some figures on that. But, I don't think anyone would argue that 1.7 mil for VZW in Q1 was a disappointment.
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the info gets sent to us via, work email....its def something thats not a dissapointment for verizon, maybe a dissapointment for the other carriers though
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ABLINDKID said:
the info gets sent to us via, work email....its def something thats not a dissapointment for verizon, maybe a dissapointment for the other carriers though
Agreed. 😎
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SystemShock said:
I'd have to see some figures on that. But, I don't think anyone would argue that 1.7 mil for VZW in Q1 was a disappointment.
If I'm not mistaken Verizon had 1.9M on Q1 of 2006. That's 200,000 less!
If I'm not mistaken Cingular (also) had 1.5M on Q1 of 2006. That's 300,000 less!
I think the industry is reaching levels of saturation never seen before so I think it's going to get harder to reach those numbers (2M net adds)
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Anxiovert said:
If I'm not mistaken Verizon had 1.9M on Q1 of 2006. That's 200,000 less!
Unfortunately, you are mistaken. Verizon added 1.7M in Q1 2006, not 1.9M:
Verizon Wireless added 1.7 million net new customers in the first quarter 2006. More than 1.6 million of these were retail. Only 59,000 were reseller customers.
http://seekingalpha.com/article/9914 »
Bro, before you start jumpin' to conclusions, do the legwork. 😉
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2005: 1.6m
2006: 1.7m
2007: 1.7m
I think you already have the 2006 and 2007 figures.
2005: http://www.accessmylibrary.com/comsite5/bin/p dinventory.pl?pdlanding=1&referid=2930&purcha se_type=ITM&item_id=0286-6556535
2006: 1.7m
2007: 1.7m
I think you already have the 2006 and 2007 figures.
2005: http://www.accessmylibrary.com/comsite5/bin/p dinventory.pl?pdlanding=1&referid=2930&purcha se_type=ITM&item_id=0286-6556535
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Just to keep it consistent, here is 2004 Q1
1.4m
http://www.mobiletracker.net/archives/2004/04/27/ver ... »
1.4m
http://www.mobiletracker.net/archives/2004/04/27/ver ... »
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Hmmmm, this one is interesting.
2004: 1.8m
2005: 1.9m
2006: 1.8m
2004: http://www.mobiletracker.net/archives/2006/07 /24/verizon-wireless-growth
2005: http://www.mobiletracker.net/archives/2005/07 /25/verizon-wireless-q2
2006: http://www.mobiletracker.net/archives/2006/07 /24/verizon-wireless-growth
2004: 1.8m
2005: 1.9m
2006: 1.8m
2004: http://www.mobiletracker.net/archives/2006/07 /24/verizon-wireless-growth
2005: http://www.mobiletracker.net/archives/2005/07 /25/verizon-wireless-q2
2006: http://www.mobiletracker.net/archives/2006/07 /24/verizon-wireless-growth
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2004:
http://www.mobiletracker.net/archives/2006/07 » /24/verizon-wireless-growth
2005:
http://www.mobiletracker.net/archives/2005/07 » /25/verizon-wireless-q2
2006:
http://www.mobiletracker.net/archives/2006/07 » /24/verizon-wireless-growth
http://www.mobiletracker.net/archives/2006/07 » /24/verizon-wireless-growth
2005:
http://www.mobiletracker.net/archives/2005/07 » /25/verizon-wireless-q2
2006:
http://www.mobiletracker.net/archives/2006/07 » /24/verizon-wireless-growth
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2004: 1.67m
2005: 1.9m
2006: 1.9m
2004:
http://www.forbes.com/2004/10/28/1028automarketscan0 ... »
2005:
http://www.mobiletracker.net/archives/2005/10/27/ver ... »
2006:
http://investor.verizon.com/news/view.aspx?NewsID=784 »
2005: 1.9m
2006: 1.9m
2004:
http://www.forbes.com/2004/10/28/1028automarketscan0 ... »
2005:
http://www.mobiletracker.net/archives/2005/10/27/ver ... »
2006:
http://investor.verizon.com/news/view.aspx?NewsID=784 »
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2004: 1.7m
2005: 2.0m
2006: 2.3m
2004:
http://www.mobiletracker.net/archives/2005/01/27/ver ... »
2005:
http://www.slashphone.com/74/3504.html »
2006:
http://seekingalpha.com/article/25420 »
2005: 2.0m
2006: 2.3m
2004:
http://www.mobiletracker.net/archives/2005/01/27/ver ... »
2005:
http://www.slashphone.com/74/3504.html »
2006:
http://seekingalpha.com/article/25420 »
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Hey Sangy, nice that you did the legwork, that's a lot better than silly Anxio did. 😎
However, quarters can be a bit volatile. Let's look at complete years for a moment. VZW's total net adds over the past 3 yrs:
2004: 6.3m ( http://www.convergedigest.com/Daily/daily.asp ?vn=v12n17&fecha=1%2F28%2F2005 )
2005: 7.5m ( http://wireless.seekingalpha.com/article/6304 )
2006: 7.8m ( http://seekingalpha.com/article/25420 )
Hmm... okay, so in 2005, as a whole, VZW had more net adds then they did in 2004. And in 2006, yep, VZW had more net ads than they did in 2005. Very nice. 😎
Kinda hard to argue that the market is 'slow' for them when that is happening.
What you can argue instead is that the rate of year-over-year incre...
(continues)
However, quarters can be a bit volatile. Let's look at complete years for a moment. VZW's total net adds over the past 3 yrs:
2004: 6.3m ( http://www.convergedigest.com/Daily/daily.asp ?vn=v12n17&fecha=1%2F28%2F2005 )
2005: 7.5m ( http://wireless.seekingalpha.com/article/6304 )
2006: 7.8m ( http://seekingalpha.com/article/25420 )
Hmm... okay, so in 2005, as a whole, VZW had more net adds then they did in 2004. And in 2006, yep, VZW had more net ads than they did in 2005. Very nice. 😎
Kinda hard to argue that the market is 'slow' for them when that is happening.
What you can argue instead is that the rate of year-over-year incre...
(continues)
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