{"id":100849,"date":"2020-10-21T15:00:05","date_gmt":"2020-10-21T15:00:05","guid":{"rendered":"https:\/\/www.mobileworldlive.com\/?p=299737"},"modified":"2020-10-21T15:00:05","modified_gmt":"2020-10-21T15:00:05","slug":"verizon-shakes-off-virus","status":"publish","type":"post","link":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/2020\/10\/21\/verizon-shakes-off-virus\/","title":{"rendered":"Verizon shakes off virus"},"content":{"rendered":"

<\/p>\n

\tVerizon boosted its full year outlook despite declines in earnings during Q3, with CFO Matt Ellis (pictured) highlighting a better-than-expected performance from its mobile business.<\/p>\n

On an earnings call, Ellis said the unit recovered from prior Covid-19 (coronavirus) hits “faster than we initially anticipated”, primarily due to accelerated uptake of high-cost unlimited tariffs.<\/p>\n

He noted 60 per cent of the operator\u2019s base was now on unlimited plans, with a quarter of those on its most expensive offers. The operator expects the launch of 5G iPhones to boost upgrades to these packages in the remainder of the year.<\/p>\n

The operator forecast 2 per cent growth in wireless service revenue in Q4, and upped its full year EPS outlook to between 0 per cent and 2 per cent, from a previous prediction in the range of -2 per cent to 2 per cent.<\/p>\n

It also predicted full year capex to fall at the high end of a previously stated $17.5 billion to $18.5 billion range, with Ellis noting the operator continues to deploy fibre and small cells at a \u201ctremendous pace\u201d.<\/p>\n

Mobile service revenue in Q3 was flat year-on-year at $16.4 billion, with equipment sales down 20 per cent to $4.1 billion.<\/p>\n

Profit attributable to Verizon fell 16.1 per cent to $4.35 billion, with consolidatated revenue down 4.1 per cent to $31.5 billion, its third consecutive quarterly decline.<\/p>\n

It added 630,000 mobile subscribers, including 553,000 post-paid and 77,000 prepaid, compared with net additions of 524,000 in Q3 2019.<\/p>\n\n

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Verizon boosted its full year outlook despite declines in earnings during Q3, with CFO Matt …<\/p>\n

The post Verizon shakes off virus<\/a> appeared first on Mobile World Live<\/a>.<\/p>\n<\/div>","protected":false},"author":245,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"slim_seo":{"title":"Verizon shakes off virus - ITTeacherITFreelance.hk","description":"Verizon boosted its full year outlook despite declines in earnings during Q3, with CFO Matt ... The post Verizon shakes off virus appeared first on Mobile World"},"footnotes":""},"categories":[11,8],"tags":[],"_links":{"self":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/100849"}],"collection":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/users\/245"}],"replies":[{"embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/comments?post=100849"}],"version-history":[{"count":1,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/100849\/revisions"}],"predecessor-version":[{"id":100850,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/100849\/revisions\/100850"}],"wp:attachment":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/media?parent=100849"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/categories?post=100849"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/tags?post=100849"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}