Verizon Wireless Reports Solid 2Q 2009 Growth Of 1.1 Million New Customers

[Andy84094]

Verizon Wireless Reports Solid 2Q 2009 Growth Of 1.1 Million New Customers

Media Contact Info

Nancy Stark
Nancy.Stark@VerizonWireless.com
908-559-7520

07/24/2009

BASKING RIDGE, NJ — Verizon Wireless today announced second-quarter 2009 net customer additions of 1.1 million.

At the end of the quarter, the company had 87.7 million customers, including 85.2 million retail customers, which are those it directly serves and manages, and who choose the Verizon Wireless brand. More customers use the Verizon Wireless brand than any other wireless brand in the U.S.

Verizon Wireless has the most reliable coast-to-coast wireless voice and data network, including the largest 3G broadband wireless network – key in attracting new customers and earning the loyalty of existing customers. The company consistently has had the highest loyalty level in the industry, as measured by the rate of customer churn.

Further details about Verizon Wireless’ financial and operational results for the quarter will be reported when Verizon Communications announces its consolidated quarterly results on July 27. Verizon Wireless is a joint venture of Verizon Communications (NYSE: VZ) and Vodafone Group plc (NYSE and LSE: VOD), which earlier today reported key performance indicators, including its proportionate share of Verizon Wireless net customer additions.

http://news.vzw.com/news/2009/07/pr2009-07-23f.html

[GJSNeptune]

Wonderful. They can now close down their retentions department.

[Mr. Jess]

This seems very skimpy on the details, doesn't it? What was the churn? How were these numbers compared to last quarter or 2Q 2008?

[gvillager]

This seems very skimpy on the details, doesn't it? What was the churn? How were these numbers compared to last quarter or 2Q 2008?

All of the details will be released Monday.

[MountainBikerMark]

Wirelessly posted (Ive been Dared: Mozilla/5.0 (compatible; Teleca Q7; Brew 3.1.5; U; en) 240X400 LGE VX9700)

arent about 1.1 million customers being divested? did they count those on Alltel whose phone broke and their onlu recourse was to join The Network and get a new phone( i have 3 friends who went thru that scenerio) in their additions? the bigger Verizon gets the worse for us and imo the Alltel buyout put them in the dont care about the customer, as a company attitude(not the employees but the company itself) category solidly

[samab]

This seems very skimpy on the details, doesn't it? What was the churn? How were these numbers compared to last quarter or 2Q 2008?

Verizon only released the net adds numbers today --- because Vodafone released their numbers today. In the past few years, newspaper reporters used to look at the Vodafone numbers and extrapolated Verizon's numbers.