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More on Verizon: Verizon Wireless' performance is taking center stage as shares rally. Service...

More on Verizon: Verizon Wireless' performance is taking center stage as shares rally. Service revenue rose 8.6% Y/Y, while equipment sales fell 1.4% (evidence of Verizon's efforts to lower subsidies). Retail postpaid net adds rose by 677K, and total retail net adds by 720K. Wireless operating income margin rose 430 bps Y/Y to 32.9%. Retail postpaid churn rose 6 bps Q/Q and 5 bps Y/Y to 1.01%. Vodafone (VOD +2.2%) is rallying in response to VZW's numbers, and CC comments about Verizon being "extremely confident" it can buy Vodafone's stake without taking a tax hit.
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Comments (2)
  • Esekla
    , contributor
    Comments (3101) | Send Message
     
    The great thing about speculative news like this is that you can never fully lay it to rest. There's always at least a theoretical possibility that something will happen, no matter how unlikely. Verizon has wanted to do this for many years, as my article details: http://seekingalpha.co... but it's less likely now than ever.

     

    There's nothing new here except, perhaps that VZ thinks it can stir up shareholder unrest at VOD, given all the troubles there.
    18 Apr 2013, 12:41 PM Reply Like
  • onlyapps
    , contributor
    Comments (71) | Send Message
     
    VZ can't go 80B in debt to purchase VOD- too many public utility and union obligations.
    19 Apr 2013, 01:21 PM Reply Like
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