Verizon Wireless matched Cingular's 1.7 million subscriber additions in the first quarter on churn of 1.18 percent. Service revenues increased 16 percent to $7.6 billion, and like Cingular, average revenue per user was down. ARPU was $48.67, down 0.7 percent from the similar period in 2005. But cash expense per customer declined 6.6 percent year-over-year to $26.99 per month, the second-lowest quarterly level in the company's history. Verizon Wireless said data services revenue more than doubled from the previous year, contributing $872 million. About 11.5 percent of service revenues cam from data services, an increase from 6.3 percent in 2005, while data ARPU increased 79 percent.
To read more about Verizon's Q1 results:
- take a look at the company's release