Verizon continued to emphasize its ongoing strategies of targeting high-end wireless subscribers and expanding into media and advertising during its first-quarter earnings call Thursday. But it also pointed out recent cost-cutting efforts, underscoring the increasingly competitive landscape of the U.S. mobile market.
Verizon warned that the ongoing strike of 40,000 of its wireline workers could eventually affect the company's financial performance, although the company stopped short of offering specific financial guidance along those lines.
Verizon reported relatively solid results in its wireline business, showing revenue slightly below some analyst expectations but FiOS net customer additions of 98,000, above some predictions.
Verizon's FiOS service added 36,000 pay-TV subscribers and 98,000 broadband subscribers as total FiOS revenues continued to grow, up another five percent to $3.5 billion. But those numbers fell well short of results from the year-ago quarter.
Verizon quietly lowered the price of "Hum" earlier this year in a move that may signal the carrier is having trouble finding traction for its after-market connected vehicle offering.
"Don't buy Verizon Wireless" is the latest strategy that Verizon's 40,000 unionized wireline workers, represented by the Communications Workers of America (CWA) and the International Brotherhood of Electrical Workers (IBEW), are employing in their ongoing battle with the telecom giant.
First-quarter earnings season is upon us, and Verizon will be the first major U.S. carrier to post results tomorrow morning. And there will be no shortage of compelling storylines as the tier-ones announce their first-quarter performances: Analysts expect T-Mobile to continue to enjoy its impressive momentum, while Verizon and AT&T may see increased profit margins but smaller subscriber bases as they increasingly focus on more lucrative customers. Meanwhile, Sprint faces pressure to follow up its latest quarter, which was surprisingly solid.
AT&T has reiterated its argument that the FCC should remove the existing nondiscrimination requirements that apply to facilities-based IMTS traffic arrangements on the U.S.-Cuba route.
Consumer Intelligence Research Partners added its voice to the choir of industry onlookers predicting a big first quarter for T-Mobile.
Verizon FiOS customers who signed up for service right before the telco's wireline workforce went on strike aren't worried that substitute workers are going to install their service, but rather that they'll get connected on time.