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Tuesday, Jan 22
More on Verizon: As previously disclosed, wireless retail net adds were 2.1M, up from 1.5M a...
More on Verizon: As previously disclosed, wireless retail net adds were 2.1M, up from 1.5M a year ago. Wireless service revenue +8.5% Y/Y, up from +7.5% in Q3, total retail subs at 98.2M. Retail wireless churn up slightly to 1.24%. Average revenue per account (now used instead of ARPU) +6.6% Y/Y to $146.80/month. Wireless op. margin -780 bps Q/Q and -80 bps Y/Y to 24% due to higher smartphone sales. Wireline revenue -1.5% Y/Y, hurt by business and wholesale declines. 2012 capex was $16.2B, down slightly Y/Y. VZ +0.6%.