Verizon Adds Just 20,000 Net Broadband Users in Q3 Survives Strikes & Storms, Wireless Growth Still Strong Friday Oct 21 2011 09:16 EDT Verizon's latest earnings report has arrived, the company posting earnings of $3.54 billion, or 49 cents a share, on revenue of $27.9 billion. As Verizon had warned earlier, the impact of both recent storms and their strike left the company will fewer adds than they had hoped, the company adding 1.3 million wireless customers to bring their total wireless subscriber count to 107.7 million. The company added added 138,000 new FiOS Internet connections and 131,000 FiOS TV connections, bringing their subscriber totals to 4.6 million and 4 million respectively. Like AT&T, Verizon doesn't much like to draw attention to the fact they're heavily bleeding DSL subscribers in markets they've yet to upgrade -- the company adding only a net increase of 20,000 broadband users after DSL losses are factored in. |
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Plan aheadIf you are planning on dying, cancel you Verizon account first. Doing so afterwards is almost impossible. | |
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Re: Plan aheadIf you get any further off topic on this story you will be back on topic. | |
| | | cork1958Cork Premium Member join:2000-02-26 |
cork1958
Premium Member
2011-Oct-22 6:27 am
Re: Plan aheadAnother company that needs to be chopped to pieces due to being to big for their own britches! | |
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to rdmiller
Thats about 70,000 less FiOS adds than last quarter due to the strike/storm. I Hope they learned their lesson on being completely and totally ridiculous with their demands, I surely dont want to picket in the snow.... but I absolutely will if I have to. | |
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Re: Plan aheadsaid by ITALIAN926:Thats about 70,000 less FiOS adds than last quarter due to the strike/storm. I Hope they learned their lesson on being completely and totally ridiculous with their demands, I surely dont want to picket in the snow.... but I absolutely will if I have to. I think based on the wireline losses, the demands are nowhere near ridiculous. | |
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Re: Plan aheadWith their wireline losses, there has been a declining workforce. In addition, when its conveinant for them, they boast how great FiOS is doing. THAT is wireline too. You likely have no clue the horrendous demands they are making. Learn the facts before you offer your opinions. | |
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Re: Plan aheadsaid by ITALIAN926:With their wireline losses, there has been a declining workforce. In addition, when its conveinant for them, they boast how great FiOS is doing. THAT is wireline too. You likely have no clue the horrendous demands they are making. Learn the facts before you offer your opinions. You are assuming I don't know. The gains in wireless still do not outweigh the cost to maintain a dying copper and non FIOS network. Step back from the bargaining rhetoric and see the reality of the situation and the world we live in. | |
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Re: Plan aheadIts their CHOICE to maintain this "dying copper network" Their plan should have been to replace the costly copper infrastructure with FiOS across their entire footprint. Even offer CLEC dialtone access over it just to rid themselves of that copper responsibility. Somewhere along the line, the company lost common sense. Verizon should be pulling down all that copper for scrap.
And I'll say this again, 10 years ago when Verizon had DOUBLE the landlines, they had DOUBLE the workforce maintaining them. Your argument of a dying network is MOOT, and is certainly no reason to make the outrageous demands they put forth in bargaining. ESPECIALLY since FiOS is doing so well. Could it be better? Sure. If they put half their efforts into destroying the competition instead of the Unions, we'd have 6 million FiOS subscribers at this point, instead of 4. | |
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Verizon thinking I guessIs they can make more money selling more services to fios subs and off wireless than the can by paying attention to loses of dsl subs. So far it seems to be paying off for them but at some point they will need to expand their fios footprint. | |
| | openbox9 Premium Member join:2004-01-26 71144 |
openbox9
Premium Member
2011-Oct-21 10:33 am
Re: Verizon thinking I guesssaid by AndyDufresne:Is they can make more money selling more services to fios subs and off wireless than the can by paying attention to loses of dsl subs. And you'd be correct. said by VZ 3Q Earnings Highlights :Consumer ARPU for wireline services was $94.20 in third-quarter 2011, up 8.8 percent compared with third-quarter 2010. ARPU for FiOS customers continues to be more than $146. Revenues for Verizon's FiOS services to consumer retail customers generated nearly 60 percent of consumer wireline revenues in third-quarter 2011, compared with approximately 50 percent in third-quarter 2010. With more room to run. said by VZ 3Q Earnings Highlights :FiOS penetration (subscribers as a percentage of potential subscribers) continued to increase. FiOS Internet penetration was 35 percent at the end of third-quarter 2011, compared with 31 percent at the end of third-quarter 2010. In the same periods, FiOS TV penetration was 31 percent, compared with 27 percent, respectively. | |
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tnsprin join:2003-07-23 Bradenton, FL |
tnsprin
Member
2011-Oct-21 10:14 am
Actually just 20,000 DSL Broadband users. 138,000 FIOS.Note that your title is misleading. They actually added 158,000 broadband customers. 138,000 using FIOS and 20,000 using DSL Clearly interest in DSL is waning, and some are converting to FIOS connections. | |
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Re: Actually just 20,000 DSL Broadband users. 138,000 FIOS.read again-"Broadband connections totaled 8.6 million at the end of third-quarter 2011, a 2.8 percent year-over-year increase. FiOS Internet connections more than offset a decrease in DSL-based HSI connections, resulting in a net increase of 20,000 broadband connections from second-quarter 2011. Total voice connections, which measures FiOS Digital Voice connections in addition to traditional switched access lines, declined 7.6 percent to 24.5 million - the smallest year-over-year decline since fourth-quarter 2006." | |
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elray join:2000-12-16 Santa Monica, CA |
elray
Member
2011-Oct-21 11:38 am
More Creative Journalism?Karl, you continue to state that both AT&T and VZW are "heavily bleeding DSL subscribers", but you provide no cite.
You also imply that they're trying to cover it up - at the very least, a major violation of shareholder trust, if not fiduciary responsibility.
If this is the case, its a major news story, and you should shout it from the rooftop. If not... | |
| | openbox9 Premium Member join:2004-01-26 71144 |
openbox9
Premium Member
2011-Oct-21 12:17 pm
Re: More Creative Journalism?said by elray:Karl, you continue to state that both AT&T and VZW are "heavily bleeding DSL subscribers", but you provide no cite. The cites are the earnings reports. Although "heavily bleeding" might be a little exaggerative. I don't see Karl claiming a "cover up", but rather he suggests that the companies aren't highlighting the losses in the press. Not that big of a deal IMO and I doubt that any serious shareholders are too surprised. | |
| | | elray join:2000-12-16 Santa Monica, CA |
elray
Member
2011-Oct-21 3:00 pm
Re: More Creative Journalism?said by openbox9:said by elray:Karl, you continue to state that both AT&T and VZW are "heavily bleeding DSL subscribers", but you provide no cite. The cites are the earnings reports. Although "heavily bleeding" might be a little exaggerative. I don't see Karl claiming a "cover up", but rather he suggests that the companies aren't highlighting the losses in the press. Not that big of a deal IMO and I doubt that any serious shareholders are too surprised. No, there is no cite. Karl claims both T and VZW are "heavily bleeding DSL" in "unupgraded" areas. Neither quarterly report provides such a breakout. Without a source, I submit that its just hearsay or our esteemed blogger's wishful projection. Isn't it more likely that a large percentage of the "new" FIOS and U-verse accounts are conversions from DSL, and thus, the "losses" on the balance sheet are in fact, due to upgrades? | |
| | | | openbox9 Premium Member join:2004-01-26 71144 |
openbox9
Premium Member
2011-Oct-21 5:13 pm
Re: More Creative Journalism?You're correct on that point. I missed the "yet to be upgraded" part. Still, with churn rates, sub adds, and penetration numbers, investors should be able to get a decent idea of where the adds/subtractions came from. I haven't had a chance to go through the report yet. | |
| | | | | elray join:2000-12-16 Santa Monica, CA |
elray
Member
2011-Oct-22 2:37 pm
Re: More Creative Journalism?said by openbox9:You're correct on that point. I missed the "yet to be upgraded" part. Still, with churn rates, sub adds, and penetration numbers, investors should be able to get a decent idea of where the adds/subtractions came from. I haven't had a chance to go through the report yet. No, the data really isn't there. Investors may not care, or may make their own assumptions based on other news or 3rd-party analysis, but the quarterly report is simply vague on the subject. | |
| | | | | | openbox9 Premium Member join:2004-01-26 71144 |
openbox9
Premium Member
2011-Oct-22 5:44 pm
Re: More Creative Journalism?As an investor I do care. I want to see growth in FiOS upgrade markets and the losses from markets that VZ wants out of. | |
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FFH5 Premium Member join:2002-03-03 Tavistock NJ |
FFH5
Premium Member
2011-Oct-21 12:57 pm
Verizon documents on 3rd qtr earnings | |
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Re: Verizon documents on 3rd qtr earningsThe full results with all the details link is very interesting. Pages 15 thru 19 do show a big drop in DSL customers even as Revenue stays the same or increases slightly.
Edit: Looking a little deeper, I see that verizon is gaining roughly one percent penetration per quarter. I would like to pick McAdams brain and see if that is satisfactory. | |
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