The Guardian
trending topics
Close Box

Our news

Yes, it’s true: We are joining GigaOM...


Verizon Says Unlimited Plans Selling Well; Expects Double-Digit Rev Growth

  • Comments Comments (View)
  • Text Size: A A

Verizon Wireless (NYSE: VZ) said its $99 unlimited calling plans were selling well and that it expects revenues to grow over the next few years, according to a presentation given by Verizon Communication’s CFO Doreen Toben at the Bear Stearns 21st Annual Media Conference.

SEE ALSO: Under The Hood Of Unlimited Plans; Could It Drive iPhone-Like Data Adoption?

Reuters reported that Toben expects double-digit percentage increases in annual revenues for Verizon Wireless over the next few years and for EBITDA margins to fall between 43 percent to 45 percent for the unit’s three-to-five year planning period. Toben also told analysts that the company is seeing a “great early response” to the $99 unlimited calling plan—from both customers upgrading from cheaper plans, and from customers who spend more than $100 a month. “It doesn’t take that many more of the $79.99 folks to go up to $99.99 to offset it,” said Toben, who expects the plan to boost results. Webcast. Slides.

Toben also released a few figures:

—Data revenues have increased 65 percent to $7.4 billion in 2007 from $4.5 billion in the year ago period.
—In 2007, there was a 44 percent increase in data ARPU compared to 2006.
—55 percent of the retail base has a broadband capable phone.
—There was a 146 percent increase in text messages between 2006 and 2007.

Mar 10, 2008 5:29 PM ET

Posted In: Companies, Verizon

(Page 1 of 1)


The Bestsellers

From iTunes and YouTube to Facebook and Kindle, the most popular content on the web, free and paid.

VOD Movies (RENTRAK) VOD Movies (RENTRAK)
1. Real Steel
2. 50/50
3. Moneyball
4. Paranormal Activity 3
5. The Ides of March
See The Other Bestsellers »

Jobs RSS Job Listings

Social Standing

Which media brands are getting a lift from Tweeters and bloggers right now -- and which are getting panned?

"Sentiment" Scores for All the Companies »

Sponsors

Staff