Verizon has added 144,000 FiOS Internet and 134,000 FiOS Video net additions, with continued increased sales penetration for both services; 5.4 million total FiOS Internet, 4.7 million total FiOS Video customers.
It had 8.5 per cent year-over-year increase in service revenues in Q4 2012; 8.4 per cent year-over-year increase in retail service revenues. 2.2 million retail net additions, excluding acquisitions and adjustments, including a record-high 2.1 million retail postpaid net connections; low retail postpaid churn of 0.95 per cent; 98.2 million total retail connections, 92.5 million total retail postpaid connections.
Verizon Wireless reported record-setting customer additions in the quarter, while Verizon FiOS customer additions were higher in fourth-quarter 2012 than in the prior two quarters, despite the impact of Superstorm Sandy.
“Verizon seized growth opportunities in the fourth quarter to cap a year of solid progress across the entire business,” said Lowell McAdam, Verizon chairman and CEO. “We delivered a total return of 13.2 per cent to shareholders in 2012, and we enter 2013 ready to accelerate the momentum we’ve achieved and create significant shareholder value in the years to come.”
In fourth-quarter 2012, Verizon’s consolidated quarterly operating revenues exceeded $30 billion for the first time in company history. This represented a 5.7 per cent increase compared with fourth-quarter 2011 and was the company’s highest year-over-year quarterly growth rate in 2012.
For full-year 2012, Verizon’s revenues totaled $115.8 billion, an increase of 4.5 per cent, or $5 billion, compared with 2011. In fourth-quarter 2012, Verizon saw year-over-year revenue increases across all strategic growth areas: 8.5 per cent for Verizon Wireless service revenues, 15.7 percent for FiOS revenues and 5.3 per cent for strategic enterprise services.