VZW 4th Quarter Report
2.3 million net customer additions in the fourth quarter -- including 2.1 million retail post-paid customers -- up 12.7 percent from fourth quarter 2005; 59.1 million total customers, up 15.0 percent from 2005; 56.8 million retail (non-wholesale) customers; 7.8 million increase in retail customer base in 2006, more than any other wireless carrier
Continued industry-leading low churn rates (customer turnover) in the fourth quarter; 1.14 percent total churn, 1.10 percent retail churn and 0.89 percent retail post-paid churn in the quarter
Largest U.S. wireless company, based on total revenues, for second sequential quarter; total revenues up 16.3 percent from fourth quarter 2005; data revenues doubled year-over-year;
EBITDA margin (no...
(continues)
Continued industry-leading low churn rates (customer turnover) in the fourth quarter; 1.14 percent total churn, 1.10 percent retail churn and 0.89 percent retail post-paid churn in the quarter
Largest U.S. wireless company, based on total revenues, for second sequential quarter; total revenues up 16.3 percent from fourth quarter 2005; data revenues doubled year-over-year;
EBITDA margin (no...
(continues)
...
Great results!! Imagine what the numbers could be if VZW relied on resellers and prepaid to help pad the numbers 😳 Data and ARPU numbers up while maintaining excellent churn numbers, this is how you run an effecient business, and the winners are the 59.1 milion that will continue to use the nations most reliable network which is still growing and being funded for future capacity and overall improvement.
Great 2006 VZW, what do you have in your back pocket for 2007?????
Great 2006 VZW, what do you have in your back pocket for 2007?????
...
Say what you will. This is the first quarter in which Cingular adds more than your beloved Vz. Period
...
you're are going to be on overtime troll pay today anx, cingular numbers fail in comparison profit wise get over it!
...
It's not the first time but again you aren't very good at math so I'll take it. 🤣 🤣 🤣
...
RUFF1415 said:
Second quarter. Tied once as well.
Actually I believe VZW won the 'tie' qtr by the skin of its teeth, in much the same way Cing won this one.
So, overall record for Cing since (and including) the merger quarter: 2-7. That's better than the Raiders, at least.
...
Cingular added 100,000 more customers than Verizon, yet Verizon has spanked Cingular every quarter since 2005, so please, quit your gloating.
...
Cingular is a white trash compared to verizon, America is mostly white trash therefore Cingular has "more customers." You get what you pay for and my verizon service is the best of the best. So, keep on posting those solid numbers.
...
"...fewer than 1 million of Cingular’s customers were high-value postpaid retail customers." RCR
Hey, man! Whatever helps you sleep at night. Stan Sigman even admits that Verizon has the business model which he is envious of.
Hey, man! Whatever helps you sleep at night. Stan Sigman even admits that Verizon has the business model which he is envious of.
...
Azeron said:
Stan Sigman even admits that Verizon has the business model which he is envious of.
Why don't you give that a rest? Are you a newbie or something? He said that like 2 yrs ago, when there was a lot to be done to the old AT&T and the Cingular network. It is now a HUGE (ALL DIGITAL*) GSM network.
*Can Verizon say the same?
P.S. See how Vz's "huge" network turns out to be once all the analog gets turned off on Feb of 2008
🙄
...
Verizon destroys cingular again, while cingular loses momentum for the second quarter in a row. Stand wish he had these numbers!
...
Still NET adds were more than this..
Cingular/AT&T= 2.4M
Vz= 2.3M
Who is passing Cingular now? I don't think so 🤣
Cingular/AT&T= 2.4M
Vz= 2.3M
Who is passing Cingular now? I don't think so 🤣
...
Sorry Anxiovert but VZW added 7.8 million for 2006 and Cingy only 6.8 million. VZW also spanked the heck out of Cingy in postpaid adds, are leading them in ARPU, Data Revenue and Churn.
What part of math don't you understand Anxiovert? I guess one quarter that was reliant on 2/3 of the net adds being prepaid and resellers shows company strength. I know another company that operates like this, I think they are using the color yellow these days.
Who has the most postpaid customers anyway????? Maybe VZW should stop valuing their customers and start finding more resellers to do the work for them 🤣 🤣 🤣 🤣
What part of math don't you understand Anxiovert? I guess one quarter that was reliant on 2/3 of the net adds being prepaid and resellers shows company strength. I know another company that operates like this, I think they are using the color yellow these days.
Who has the most postpaid customers anyway????? Maybe VZW should stop valuing their customers and start finding more resellers to do the work for them 🤣 🤣 🤣 🤣
...
It was actually 750k resellers(tracfone)749k prepaid(gophone) and around 900k postpaid retail. VZW added 2.1 million postpaid retail and Cingular if I'm not mistaken added less net postpaid in the 4th quarter than they did in the third.
This means that VZW is growing from a postpaid effort which will mean more job growth at VZW while most in the industry are laying off. This also means more capital to put into the network, it's a win win for the consumer.
This means that VZW is growing from a postpaid effort which will mean more job growth at VZW while most in the industry are laying off. This also means more capital to put into the network, it's a win win for the consumer.
...
of course, if you consider those AMP mobile adds as "post paid retail" (because of a contract) instead Cingular calls those "resellers" 🙄
...
AMP'd is not reported as postpaid you envious little madman, now go sell some gophones to all of the people that are afraid to commit to Cingular.
...
Saw the reports, and kudos to Cing/ATT for FINALLY winning a quarter after 2+ years, even if just by the skin of their teeth. This should benefit me in the form of more aggressive pricing from VZW in the future. 😎
Of course, VZW has a lot to crow about too... they kept their lead over Cing/ATT in postpaid customers, and they beat them in revenue too ($10.1 billion for VZW to $9.8 billion for Cing/ATT). Also, they continue to slaughter Cing/ATT in churn (1.14 percent overall churn/.89 percent postpaid only, compared to Cing's 1.8 % overall and 1.5% postpaid only).
But what's really funny, if you're a stats guy (I learned it from baseball), is that technically VZW STILL closed the total customers gap on Cing. Really. 😳
Last qtr, ...
(continues)
Of course, VZW has a lot to crow about too... they kept their lead over Cing/ATT in postpaid customers, and they beat them in revenue too ($10.1 billion for VZW to $9.8 billion for Cing/ATT). Also, they continue to slaughter Cing/ATT in churn (1.14 percent overall churn/.89 percent postpaid only, compared to Cing's 1.8 % overall and 1.5% postpaid only).
But what's really funny, if you're a stats guy (I learned it from baseball), is that technically VZW STILL closed the total customers gap on Cing. Really. 😳
Last qtr, ...
(continues)
...
Huh... I'm seein' some kind of -61k customers thing on Cing's statement, under 'M&A activity' (merger & acquisitions, I think).
So I'm thinkin' now it was a combination of rounding plus Cing having to divest some customers in order to get the ATT deal approved? Hmm...
So I'm thinkin' now it was a combination of rounding plus Cing having to divest some customers in order to get the ATT deal approved? Hmm...
...
VZW: We'll just round down and let Cingular feel good for a few months. 🙂
Cingular/at&t: WE WON, WE WON, OMG WE WON FINALLY AHHHHHHHHHHHHHHHHHHHHHHHHH!!!!!!!!!!! 😁
Cingular/at&t: WE WON, WE WON, OMG WE WON FINALLY AHHHHHHHHHHHHHHHHHHHHHHHHH!!!!!!!!!!! 😁
...
Another outstanding quarter by Verizon. It's no wonder you all take such great pride in your company's accomplishments. What was the net profit for Verizon in this quarter? I never saw that in the original post or in any of the subsequent celebratory follow ups - with gross revenue through the roof, I am guessing it must have been over $1 billion?
However, the ignorance with regard to Cingular and several other little things is pretty hysterical. While postpaid adds are stagnant, prepaid adds are high because Cingular targets that market due to the fact the prepaid market is projected to grow faster than postpaid. Also, prepaid is a huge cashcow - it drives revenue, it does not take away from it. To say that Cingtular is inefficiently run...
(continues)
However, the ignorance with regard to Cingular and several other little things is pretty hysterical. While postpaid adds are stagnant, prepaid adds are high because Cingular targets that market due to the fact the prepaid market is projected to grow faster than postpaid. Also, prepaid is a huge cashcow - it drives revenue, it does not take away from it. To say that Cingtular is inefficiently run...
(continues)
...
I dont care. Postpay is more valuable then prepay. and if you add up cingulars Postpay AND prepay its 1.6 mil, thats 500k less then verizon wireless's postpay adds alone. 2.1 mil
Cingular has a good quarter, verizon wireless had a better quarter, end of story.
Cingular has a good quarter, verizon wireless had a better quarter, end of story.
...
MidnightDT said:
I dont care. Postpay is more valuable then prepay.
Valuable? No.... Reliable... Yes. Companies/analysts prefer postpaid b/c it involves a contract, which guarantees revenue, either by MRC or ETF. But prepaid service makes the company MORE money than postpaid. Just on money alone which would you rather have as a company, a customer paying 39.99 for 450 minutes, unlimited mobile to mobile, and 5k night/wknd, or a customer paying 39.99 for 300 minutes, 1k night/wknd, and no mobile to mobile? Of course the prepaid will make you more money, thus its more valuable.
I'm not trying to defend Cingular's numbers, or belittle Verizons, I'm just pointing out a false statement that many people ...
(continues)
...
Well stated.
It's odd that verizon didn't post in it's release vzw's net profit for the quarter. I wonder if att will report their numbers in a similar fashion once the merger is all sorted out, or if they'll break down how much profit each division was responsible for. How any wireless company can maintain 0.89% postpaid retail churn is positively insane and I think each and every employee has earned the pat on the back they've been giving themselves.
It's odd that verizon didn't post in it's release vzw's net profit for the quarter. I wonder if att will report their numbers in a similar fashion once the merger is all sorted out, or if they'll break down how much profit each division was responsible for. How any wireless company can maintain 0.89% postpaid retail churn is positively insane and I think each and every employee has earned the pat on the back they've been giving themselves.
...
Very true... that churn level is something that every single Verizon employee can be proud of, it speaks directly to a customers happiness with the wireless choice they made. Cingular has a lot of ground to make up in that race, and while they are closing the gap somewhat, they still have quite a ways to go.
...
wolfspider73 said:
Well stated.
How any wireless company can maintain 0.89% postpaid retail churn is positively insane and I think each and every employee has earned the pat on the back they've been giving themselves.
Yep. Definitely speaks to how good VZW's network and CS are in general too.
...
It definately does. But I think as well, it should be acknowledged that for Cingular, the same thing applies. Investing $13 billion in 2 years in network expansion and integration, having over 47,000 cell sites and steady improvements in customer service have resulted in Cingular's postpaid churn to go from 2.5% to 1.5% in a little over a year. Calls to customer service are down 20% according to internal reports. Complaints to outside agencies have dropped off precipitously. I will concede that Verizon has a superior network, but I don't think the gap is as wide as everyone thinks. The dropped call rates between carriers isn't statisically significant, but with marketing, any difference will be exploited to death.
Also, isn't it interest...
(continues)
Also, isn't it interest...
(continues)
...
Be careful about the pre-paid ARPU myth. While it appear to be a reasonable source of revenue with ARPU, the average length of stay of any pre-paid customer is 11 months. Now, we know this but in order for a company like Cingular to rely heavily on pre-paid, they are going to have to work harder in customer acquisition than Verizon and do so more frequently.
CPGA - Cost Per Gross Addition
Average CPGA industry-wide is averaged at about $360 (2006 data).
To give you perspective on this, for every 1 customer Verizon has that is post-paid that Cingular does not represent a potential yearly gain of $360 per customer or $30 per month! Now this doesn't represent every customer since Cingular will certainly maintain that overwhelming major...
(continues)
CPGA - Cost Per Gross Addition
Average CPGA industry-wide is averaged at about $360 (2006 data).
To give you perspective on this, for every 1 customer Verizon has that is post-paid that Cingular does not represent a potential yearly gain of $360 per customer or $30 per month! Now this doesn't represent every customer since Cingular will certainly maintain that overwhelming major...
(continues)
...
Could you please explain where you're getting these outrageous churn figures?
...
He is comparing Cingulars PREPAID churn to Verizons POSTPAID churn.... thats why Cingular's is so much higher... their postpaid churn is much lower, but this was a discussion comparing prepaid to postpaid.
...
I still don't think that Cingular's prepaid churn was anywhere near 6%. If the average was 1.8% and the postpaid was 1.5%...something isn't working out.
...
Prepaid churn is always much higher than postpaid, its just the nature of prepaid - no contracts, buying minutes in bulk, etc.
...
So before I start, I'm a VZW Dealer Ops Manager who up until 12/2006 was a Cingular Dealer Manager. I still have my Cingular Employee Line waiting for the new phones coming out for Verizon Wireless.
I think I can consider myself in the middle?
What bothers me here is that you VZW people are bragging about performing better in Retail Post-paid and profitability. This is actually old news. If you remember the 3rd QTR results, that's when VZW overtook Cingular in overall and net retail post-paid and profitability. If there was going to be a lot of hoopla about retail post-paid and profitability, it should have been 3 months ago.
I can only conclude that the VZW fanboys are just trying to spoil the fact that Cingular actually became...
(continues)
I think I can consider myself in the middle?
What bothers me here is that you VZW people are bragging about performing better in Retail Post-paid and profitability. This is actually old news. If you remember the 3rd QTR results, that's when VZW overtook Cingular in overall and net retail post-paid and profitability. If there was going to be a lot of hoopla about retail post-paid and profitability, it should have been 3 months ago.
I can only conclude that the VZW fanboys are just trying to spoil the fact that Cingular actually became...
(continues)
...
