Verizon Wireless reports strong Q4 2006

Jan 29 2007 - 03:45 PM ET | Verizon Wireless

Verizon Wireless has announced its fourth quarter 2006 earnings statement. The results are strong and while Verizon remains the second largest carrier in terms of subscribers, the company posted leading revenue during the fourth quarter. Interesting metrics from the release include:

  • 2.3 million net new customers for a total of 59.1m
  • Monthly data revenue per user hit $7.91
  • Record revenue of $10.1 billion, up 16.3% versus a year ago
  • Record messaging usage: 17.7 billion text messages and 353 million picture messages

COO Denny Strigl didn't seem worried about the new Apple iPhone (a Cingular/ATT exclusive) on a conference call today with analysts:

"Quite frankly, we're happy we're not the first to market with the iPhone," Verizon COO Denny Strigl said on a conference call with analysts Monday. He cited terms that would have had Verizon sharing a cut of the monthly subscriber fees and letting Apple handle customer disputes.