Verizon Wireless posted impressive second-quarter results, adding 1.9 million new subscribers. Subscriber growth was up 25 percent from 1.5 million in the second quarter of 2004 and significantly higher than rival Cingular's 1.1 million new subscribers in the same time period. The carrier also reported a decrease in churn from 1.4 percent in the second quarter of 2004 to 1.2 percent last quarter. Verizon reported a dip in ARPU to $49.42 but an increase in overall revenue from $6.8 billion during the second quarter of 2004 to $7.8 billion this year.
Wireless accounted for 42.3 percent of parent company Verizon Communications' total revenues for the second quarter, compared with 38.6 percent of total revenues during the second quarter of 2004. Verizon Wireless also said that data services accounted for $483 million in revenues during the quarter, or 7 percent of total service revenues. The carrier said that the number of subscribers using data services grew 50 percent to more than 19 million.
For more on Verizon Wireless' Q2 numbers:
- check out this piece from AP