Verizon reported much fewer net new phone subscribers during the second quarter than Wall Steet expected.
released its quarterly earnings report for the second quarter and the nation's largest wireless carrier reported a 9.1% year-over-year gain in Verizon Consumer revenue to $25.6 billion. That figure was helped along by the acquisition of TracFone, higher equipment revenue, and revenue growth in the company's core wireless service. The inclusion of revenue from TracFone, combined with an increase in the Average Revenue Per Account helped hike consumer wireless revenue by 10.
In the range between 3.7GHz to 4.2GHz, the C-band is considered mid-band spectrum and while it isn't as fast as mmWave spectrum, it travels farther than the latter making it accessible to more subscribers.used to reserve its Ultra Wideband 5G designation to its mmWave spectrum that delivers download data speed as fast as 1Gbps. But since mmWave signals travel short distances only, finding this coverage was like finding a needle in a haystack.
Thanks to the C-band and a shrewd move by Verizon, more subscribers now access the carrier's Ultra Wideband service Total operating revenue rose .1% to $33.79 billion from the year ago's $33.76 billion. Net declined 10.7% from $5.95 billion or $1.40 per share to $5.32 billion or $1.24 per share. For the six months ended in June, total operating revenue came in at $67.34 billion versus the prior year's $66.63 billion. That is a 1.1% increase.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Wall Street Journal, New York Post editorial boards condemn Trump's behavior on Jan. 6Two U.S. newspapers' editorial boards sharply criticized Trump yesterday for his inaction as a mob of his supporters stormed the halls of Congress during the Jan 6. Capitol Riot.
Baca lebih lajut »
Asian shares mostly higher after further gains on Wall StreetAsian shares mostly rose on Friday after another day of gains on Wall Street amid a deluge of news about the economy, interest rates and corporate profits.
Baca lebih lajut »
Wall Street Journal, New York Post editorial boards condemn Trump's behavior on Jan. 6Two U.S. newspapers' editorial boards sharply criticized Trump yesterday for his inaction as a mob of his supporters stormed the halls of Congress during the Jan 6. Capitol Riot.
Baca lebih lajut »
Twitter Cites Elon Musk “Uncertainty,” Ad “Headwinds” as Quarterly Earnings Fall ShortThe social media giant grows daily users to 237.8 million.
Baca lebih lajut »
Asian shares mostly higher after further gains on Wall StreetAsian shares mostly rose on Friday after another day of gains on Wall Street amid a deluge of news about the economy, interest rates and corporate profits.
Baca lebih lajut »
We finally know what will replace Oakland’s Oliveto restaurantThe new restaurant is slatted to open in the fall.
Baca lebih lajut »