Verizon Wireless Q1 2005
Verizon Wireless posted excellent numbers for the first quarter of the year. Despite being the second largest carrier (behind Cingular), Verizon Wireless added more new customers than anyone else.
* 1.64 million net additional subscribers
* 45.5 million total subscribers
* 1.3% churn rate, up from 1.6% a year ago
* Average reveneue per user (ARPU) of $49.03, up from $48.04 a year ago
* Profit of $433 million on revenue of $7.4 billion
Cingular's Q1 2005 numbers are available
here.
