Report on Shemaroo

Q4-2015: Verizon reports 5.8 million Fios video connections


BENGALURU: US communications major Verizon, Inc., reported 5.8 million subscribers for its Fios wireline video services for the quarter and year ended 31 December, 2015 (Q4-2015, current quarter, FY-2015, current year). The company reported an increase of 20,000 net Fios wireline video services subscribers in the quarter. Verizon also added 99,000 new Fios internet wireline connections in Q4-2015 taking the total to seven million.

The company says that Fios wireline internet connections increased 6.8 per cent YoY and Fios video connections increased 3.2 per cent YoY. For FY-2015, more than 70 per cent of consumer Fios internet customers subscribed to data speeds of 50 megabits per second or higher. Verizon says that customer interest continued to grow for Custom TV, which represented about one-third of Fios video sales in Q4- 2015.

The company says that Q4-2015 wireline consumer revenues were $4.1 billion, an increase of 2.6 per cent compared with Q4- 2014. Fios revenues represented 80.4 per cent of the total. Comparing Q4-2015 with Q4-2014, total Fios revenues grew 6.8 per cent, to $3.5 billion, and consumer Fios revenues grew 6.6 per cent. Wireline operating income margin was 7.3 per cent in Q4- 2015, up from 4.4 per cent in Q4- 2014. Segment EBITDA margin (non-GAAP) was 24.2 per cent in Q4-2015, compared with 23.9 per cent in the corresponding quarter of last year.

“In 2015, Verizon delivered strong and balanced results in a dynamic competitive environment while returning more than $13.5 billion to shareholders. At the same time, Verizon built and acquired next-generation network capabilities that position the company to be an innovator in the digital-first mobile world in 2016 and beyond,” said Verizon chairman and CEO Lowell McAdam.

Overall revenues in Q4-2015 were $34.3 billion, a 3.2 per cent increase compared with Q4-2014. For the full year, Verizon reported total consolidated revenues of $131.6 billion. FY-2015 revenues grew 3.6 per cent, compared with FY-2014. Current-quarter and third-quarter revenues include results from AOL. New revenue streams from IoT grew, with revenues of approximately $200 million in Q4- 2015 and about $690 million for FY-2015. This is a year-over-year increase of 18 per cent, says the company.

Verizon’s other segment, wireless, reported total revenues of $23.7 billion in Q4-2015, up 1.2 per cent compared with Q4-2014. Service revenues totalled $17.2 billion, down 5.6 per cent year over year. Over the same period, equipment revenues increased to $5.4 billion, up from $4.2 billion, as more customers chose to buy new devices with instalment pricing. For the year, total revenues were $91.7 billion, a 4.6 per cent increase compared with 2014.

Verizon Wireless reported 1.5 million retail postpaid net additions in Q4- 2015 and 4.5 million for the full year. These net additions do not include any wholesale or IoT connections.

The company says that customer retention remained high, with retail postpaid churn at a low 0.96 per cent in Q4-2015, a year-over-year improvement of 18 basis points. Churn was also 0.96 per cent for the year, an improvement of 8 basis points from full-year 2014.

Verizon added 906,000 4G smartphones to its postpaid customer base in Q4-2015. Postpaid phone net adds totalled 449,000 as net smartphone adds of 713,000 were partially offset by a net decline of basic phones. Tablet net adds totalled 960,000 in the quarter, and net prepaid devices declined by 157,000. At year-end 2015, the company had 112.1 million retail connections, a 3.6 per cent year-over-year increase, and 106.5 million retail postpaid connections, a 4.4 per cent year-over-year increase.

Latest Reads

Amazon Prime hits 200 million subscribers

NEW DELHI: Amazon Prime, which comprises the e-commerce giant’s video streaming service, has reached a userbase of 200 million, an increase of over 50 million post the outbreak of the Covid2019 pandemic, revealed Amazon CEO Jeff Bezos in a letter to shareholders.

iWorld Over The Top Services
'Cruising Legends' rides again on MX Player, top brands hop on

MX Player is bringing back an award-winning travel show for another ride – Cruising Legends: Dawn Patrol will see four biking legends quench their thirst for wanderlust and undertake a journey to the easternmost part of India, Arunachal Pradesh, to witness the country’s first break of dawn.

iWorld Over The Top Services
Bharti Airtel restructures to focus on digital assets

NEW DELHI: Telecom giant Bharti Airtel has tweaked its corporate structure in a bid to sharpen its focus on digital opportunities while enabling it to unlock value.  Under the new structure, Airtel Digital will merge with the listed entity Bharti Airtel, and it will now house all digital assets of...

iWorld Telecom
MX Player promotes Abhishek Joshi to business head - SVoD

New Delhi: Video streaming service MX Player has elevated Abhishek Joshi as business head - SVoD (subscription business). “I have been given an additional mandate and responsibility of building the SVoD business from ground up as the business head while managing my existing portfolio,” he stated in...

iWorld Over The Top Services
Hero Group forays into edtech with 'Hero Vired'

New Delhi: Tapping into the booming ed-tech market, the Hero Group has launched a new ed-tech company – Hero Vired – to adequately train and empower the workforce of the future. The launch accompanied the release of its new brand campaign, Be Made for BIG Things, which went live on social media and...

iWorld Over The Top Services
Mitron turns one: Vernacular, monetisation to be key focus areas

KOLKATA: In last June, a number of short video platforms stepped into the limelight after the Indian government’s unceremonious ban on popular Chinese-origin app, TikTok. After riding on the initial wave of fame, these homegrown apps have now started solidifying their business models. This comes at...

iWorld Over The Top Services
Twitter introduces new features for more interactive Cricket Season

KOLKATA: Microblogging site Twitter has added a couple of new features to create a more interactive experience for the platform’s users this cricket season for. Among the new features, Spaces, the social media giant’s new Clubhouse like feature, has generated a great deal of buzz among Tweeple.

iWorld Social Media
Vi kicks off online gaming tournament for IPL 2021 viewers

KOLKATA: With India Premier League (IPL) kicking in, the tournament’s associate media sponsor Vi has rolled out an engaging initiative based on the popular game concept Play Along’ i.e. play while you watch the live T20 league. One can play solo or with friends every day during the upcoming matches...

iWorld Telecom
IPL 2021: Short video app Roposo & Glance partner with CSK

MUMBAI: InMobi-owned short video app Roposo and lock screen content platform Glance have partnered with Indian Premier League team Chennai Super Kings (CSK) as its official lock screen partner and official short video app partner, respectively. The team will be live-streaming special shows on...

iWorld Over The Top Services

Sign up for our Newsletter

subscribe for latest stories

* indicates required