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Verizon took $30 billion in revenue, added 615,000 postpaid additions in Q2 2016

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Verizon took $30 billion in revenue, added 615,000 postpaid additions in Q2 2016

Verzion has published the U.S. carrier’s results for Q2 2016, noting total revenues of $30.5 billion for the quarter. The company also recently finalized its acquisition of Yahoo, which will sit comfortably alongside AOL. Operating income for Q2 was $4.6 billion and the carrier announced 615,000 new postpaid net additions. Verizon now has 113 million retail connections, up just over 3% from last year.

Some highlights from the financial report:

The composition of the 615,000 retail postpaid net adds was strong: Verizon added 462,000 4G smartphones to its postpaid base in second-quarter 2016. Net phone additions increased sequentially to 86,000, as the net gain in 4G phones was offset by a net decline in basic and 3G phones. Tablet net adds totaled 356,000 in the quarter. Net prepaid devices declined by 30,000, a significant improvement sequentially and year over year, primarily due to new prepaid pricing plans.
The composition of the 615,000 retail postpaid net adds was stron…

Verzion has revealed the U.S. service's effects for Q2 2016, noting overall revenues of $30.5 billion for the quarter. The corporate additionally lately finalized its acquisition of Yahoo, which can take a seat conveniently along AOL. Running source of revenue for Q2 used to be $4.6 billion and the service introduced 615,000 new postpaid web additions. Verizon now has 113 million retail connections, up simply over 3% from ultimate yr.

Some highlights from the monetary record:

  • The composition of the 615,000 retail postpaid web provides used to be robust: Verizon added 462,000 4G smartphones to its postpaid base in second-quarter 2016. Web phone additions greater sequentially to 86,000, as the web achieve in 4G telephones used to be offset via a web decline in fundamental and 3G telephones. Pill web provides totaled 356,000 in the quarter. Web pay as you go units declined by way of 30,000, a vital development sequentially and yr over yr, essentially because of new pay as you go pricing plans.
  • The composition of the 615,000 retail postpaid web provides used to be robust: Verizon added 462,000 4G smartphones to its postpaid base in second-quarter 2016. Web phone additions greater sequentially to 86,000, as the web achieve in 4G telephones used to be offset by way of a web decline in fundamental and 3G telephones. Pill web provides totaled 356,000 in the quarter. Web pay as you go units declined through 30,000, a vital development sequentially and yr over yr, essentially because of new pay as you go pricing plans.
  • Verizon ended second-quarter 2016 with a complete of 74.6 million smartphone connections. That is about 86 % of the whole phone base, with 4G units at 82.5 % of the retail postpaid connections base.
  • Expansion in 4G software adoption continues to pressure higher knowledge and video utilization. Roughly 93 % of Verizon's overall knowledge visitors is at the LTE community. General knowledge visitors on LTE has greater by way of about 44 % yr over yr.

Excluding the slight dip in income in comparison to Q2 2015, this quarter simply handed seemed like a forged one for the corporate and we are to peer how Yahoo will lend a hand bolster long run reviews.

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