Verizon Q4 2007 Earnings
Verizon 2007 Revenue Tops $93.5B
Telecom heavyweight Verizon Communications reported its 2007 year-end and fourth quarter earnings this morning. The company's 2007 revenues were $93.5 billion, an increase of $5.3 billion over 2006. As usual, the firm's wireless unit helped the company meet its fourth quarter and year-end expectations with its robust growth.
Fierce reporters have broken down the company's fourth quarter results and what they mean to each market segment: wireless, mobile content, IPTV and telecom.
Here are the stories:
Verizon says it'll raise FiOS prices again
Verizon's FiOS users can expect to pay a little more, the company said during its earnings call yesterday. FiOS broadband has seen steady Read more...
Verizon posts 263K TV customer boost
Verizon Communications this week reported a 9.8% increase in profit for the first quarter of 2008. Verizon said net income totaled $1.64 billion, with revenue rising about 5.5%. Much of the growth Read more...
Verizon Q1 profit rises, TV subs up 263,000
Is the tel-economic freak out over already? While 2007 ended with uncertain financial outlooks by carriers, 2008 has started quite well for the two biggest U.S. telcos. Last week, AT&T reported Read more...
Retirees: Separate Verizon chairman, CEO jobs
A proxy group for Verizon Communications retirees called the Association of BellTel Retirees is planning to propose at the company's annual shareholder meeting on May 1 that Verizon's chairman and Read more...
Seidenberg sees no ill economic effects
Verizon Communications CEO Ivan Seidenberg took a moment at Verizon Wireless' Open Development Conference yesterday to comment on the effect of general economic instability on Verizon's wireline and Read more...
Seidenberg takes home $20.3 million
Verizon Communications CEO Ivan Seidenberg saw his total compensation package reach about $20.3 million for 2007, a very slight increase over what Seidenberg was paid the previous year, according to Read more...
Credit Suisse downgrades AT&T, Verizon
Credit Suisse analyst Christopher Larsen downgraded his price targets for both AT&T and Verizon Communications, lowering his target for AT&T to $39 from $49, and Verizon to $40 from $52. He Read more...
Recession talk not stopping broadband
Is there a recession or not? Is there a slowdown in the broadband business or not? I have a feeling we will continue debating both of these questions until long after it stops making sense to ask Read more...
Can Verizon defy gravity?
Call me a skeptic but I just don't believe Verizon has dodged the slowing economy. A company that takes in nearly $100 billion in revenue from mostly the U.S.--bigger than the vast majority of world Read more...
Will FiOS be the first victim of a recession?
Verizon's aggressive FiOS roll out could definitely be one of the items COO and President Denny Strigl has to review if his sunny optimism about 2008 proves mis-founded. Verizon was celebrating Read more...
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