Verizon Communications today said its Capex (Capital investment) in 2015 will be between $17.5 billion and $18 billion.
In 2014, Verizon’ Capex rose 3.5 percent to $17.2 billion.
Verizon said operating revenues in Q4 2014 rose 6.8 percent to $33.2 billion. Operating revenues in 2014 grew 5.4 percent to $127.1 billion.
Revenue from the Internet of Things (IoT) and telematics increased 45 percent to $585 million in 2014. The company recently launched Verizon Vehicle, a connected-vehicle service for consumers, with an addressable market of more than 200 million vehicles.
Verizon said its wireless revenues rose 11 percent to $23.4 billion in Q4 2014. Service revenues in Q4 grew 2.8 percent to $18.2 billion. In 2014, Verizon Wireless revenues increased 8.2 percent to $87.6 billion.
Verizon Wireless added 2.1 million retail connections, including 2 million retail postpaid connections, in the fourth quarter.
Verizon had 108.2 million retail connections including 102.1 million retail postpaid connections in 2014, a 5.5 percent increase.
Q4 wireline revenues fell 1.6 percent to $9.6 billion. Consumer revenues rose 4.1 percent in Q4 to $4 billion, with FiOS revenues representing 77 percent of the total.
FiOS revenues grew 11.6 percent to $3.3 billion. In 2014, FiOS revenues rose 13.6 percent to $12.7 billion in 2014.
In Q4 2014, Verizon added 145,000 new FiOS Internet connections and 116,000 net new FiOS Video connections. Verizon FiOS Internet users rose 9 percent to 6.6 million and FiOS Video connections grew 7.4 percent to 5.6 million in 2014.
59 percent of consumer FiOS Internet customers subscribed to FiOS Quantum in Q4 2014, which provides speeds ranging from 50 to 500 megabits per second, up from 57 percent at the end of third-quarter 2014.
Baburajan K
editor@telecomlead.com
