TITLE

Wireless Data Blasts Off, Verizon Says

AUTHOR(S)
Schachter, Ken
PUB. DATE
May 2008
SOURCE
Red Herring;5/29/2008, p2
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports an increase in the wireless data revenue of Verizon Wireless, according to chief financial officer Doreen Toben. Toben said that wireless data revenues grew 65 percent in 2007, representing almost one-quarter of service revenues for Verizon Wireless. On an annualized basis, first quarter data revenue would reach almost $10 billion, putting Verizon only at the beginning of explosive growth. That growth has come without iconic hardware like the iPhone, which remains anchored to the network of rival AT&T Wireless.
ACCESSION #
36835002

 

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