Verizon Wireless has announced its latest financial results for the fourth quarter of 2013, showcasing a strong performance with the addition of another 1.6 million customers to its growing customer base. This impressive growth highlights Verizon’s continued dominance in the wireless industry and its ability to attract new users consistently.
The company also announced that it now has a total of 102.8 million customers. Out of these, 96.8 million are postpaid customers, which is a significant indicator of customer loyalty and satisfaction. Postpaid customers typically generate more revenue for wireless carriers compared to prepaid customers, making this a crucial metric for Verizon’s financial health.
Expansion of 4G LTE Service
Verizon also revealed that their 4G LTE service is now available to more than 305 million people across 500 markets in the United States. This extensive coverage ensures that a vast majority of the U.S. population has access to high-speed wireless internet, which is essential for both personal and professional use. The widespread availability of 4G LTE service is a testament to Verizon’s commitment to providing reliable and fast internet connectivity to its customers.
The expansion of 4G LTE service has numerous benefits, including faster download and upload speeds, improved streaming quality, and better overall network performance. This is particularly important in today’s digital age, where consumers rely heavily on their mobile devices for various activities such as streaming videos, online gaming, and remote work. By offering extensive 4G LTE coverage, Verizon is ensuring that its customers can enjoy a seamless and high-quality wireless experience.
Financial Performance and Future Plans
Lowell McAdam, Verizon chairman and CEO, commented on the company’s financial performance and future plans: “Verizon delivered a total return of 18.6 percent to our shareholders in 2013, while attracting more customers than our competitors and improving our financial performance. This included more than 20 percent year-over-year increases in operating cash flow and EPS. In 2014, we look forward to acquiring sole ownership of Verizon Wireless, the best asset in the global wireless industry, and leveraging all our assets to deliver innovative products to customers and more value to shareholders.”
This statement underscores Verizon’s strong financial health and its commitment to delivering value to its shareholders. The company’s ability to generate significant returns and attract new customers is a clear indication of its market leadership. Additionally, the planned acquisition of sole ownership of Verizon Wireless is a strategic move that will allow the company to have greater control over its operations and further enhance its competitive edge.
Verizon’s focus on innovation is also evident in its plans to leverage its assets to deliver new and innovative products to its customers. This could include advancements in wireless technology, new service offerings, and enhanced customer experiences. By continuously innovating and improving its services, Verizon aims to maintain its position as a leader in the wireless industry and continue to attract and retain customers.
In conclusion, Verizon Wireless’s fourth-quarter results for 2013 highlight the company’s strong performance and growth. With a growing customer base, extensive 4G LTE coverage, and a commitment to innovation and shareholder value, Verizon is well-positioned for continued success in the wireless industry.
You can find out full information on Verizon’s 2013 fourth quarter results at the link below.
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