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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