Verizon Wireless posts strong Q2 2006

Aug 01 2006 - 03:23 PM ET | Verizon Wireless

Verizon announced its full second quarter statement this morning, including the performance of Verizon Wireless. Despite carrying the Verizon name, Verizon Wireless is the joint product of Verizon and Vodafone. Vodafone has been rumored to be selling its 45% stake, but the latest word is that they won't be going anywhere.

The biggest news for Verizon Wireless' second quarter is that data revenues shot past the key $1 billion mark. Overall data made up almost 13% of revenue. Other metrics from the quarter:

  • Average revenue per user (ARPU) $50.34
  • Revenue up 18% from a year ago
  • Churn just 1.13% overall and .87% for postpaid retail customers.
  • 1.8 million net new customers