Ira Michael Blonder’s Post

To all of my Verizon clients, here's some exciting financial news! Verizon Communications (VZ) just reported fourth-quarter earnings, which met Wall Street expectations despite a 9% decline in adjusted earnings. The highlight? VZ shares soared 6.7% to an 11-month high, driven by outstanding wireless subscriber additions that exceeded forecasts. Check out the article below for more. #Verizon #EarningsReport #FinancialNews

Verizon Communications Inc. (NYSE:VZ) has delivered second-quarter earnings that beat expectations, supported by a big improvement in postpaid phone subscribers.  The #telecommunications giant reported total broadband net additions of 418,000 over the period to June 30, 2023, which it said reflected strong demand for fixed wireless and Fios products.  In its wireless division, it reported postpaid phone net additions of 8,000 and retail postpaid net additions of 612,000, resulting in a 3.8% increase in wireless service revenue to $19.1 billion.  Total operating revenue for the quarter declined by 3.5% to $32.6 billion from a year earlier, while net income declined by 10.3% to $4.8 billion.  Adjusted earnings per share fell 7.6% to $1.21, above the $1.17 expected by #WallStreet analysts, according to Zacks Investment Research. More at #Proactive #ProactiveInvestors #NYSE #VZ #Verizon http://ow.ly/hvj8104PeJf

🚀 Exciting News! 🚀 I am super proud to announce the launch of the NEW Total Wireless, a groundbreaking no-contract prepaid wireless brand from Verizon! 🎉 Through extensive research, we identified four major pain points that consumers face in the prepaid wireless category. Today we are addressing those issues with the NEW Total Wireless. 1. The price is the price. New customers get unlimited data for less than $30/month for five years with taxes and fees included. 2. Up to 10x faster unlimited data that never slows you down on Verizon’s 5G network. 3. Switch and get free 5G phones when you activate on a Total 5G Unlimited plan or Total 5G+ Unlimited plan. 4. After 12 monthly plan payments, get $200 off your next 5G phone with Total Rewards. We're committed to providing a superior wireless experience that truly values our customers. Join us in revolutionizing the no-contract prepaid wireless market! 📱✨ www.totalwireless.com #TotalWireless #Verizon #NoContract #PrepaidWeireless #CustomerFirst #WirelessRevolution #Vteam

US telecom subscribers are facing fewer choices, leading to higher prices and less innovation 📱💸 #TelecomCrisis #ConsumerRights #TechIndustry - Limited Options: Verizon, AT&T, and T-Mobile dominate the market 📉. - Higher Costs: Reduced competition often results in higher prices 💲. - Innovation Stagnation: Less incentive for carriers to innovate 🚫. - Global Comparison: US carriers lag behind in 5G speed and availability 🌍. - Alternative Providers: Options like Comcast and Charter are primarily in broadband and cable markets 📡. US telecom subscribers are running out of carriers to choose from, and that’s really bad https://lnkd.in/g3v_e3T7

The industry challenges faced by Verizon Communications Inc. (NYSE:VZ) were on display in today’s full-year 2023 results presentation. The company's total operating revenue for the fourth quarter was reported at $35.1 billion, marking a 0.3% decrease year-over-year, while full-year revenue saw a sharper decline of 2.1%, totaling $134 billion. Verizon saw a sluggish performance in wireless equipment revenue, which dipped by 2% in the fourth quarter and 10.6% for the full year, indicating a shift in consumer preferences and tougher market competition. However, serviced-based revenues picked up some of the slack, with wireless service revenues increasing 3.2% year on year. #NYSE #VZ More at #Proactive #ProactiveInvestors http://ow.ly/nbaq105aWhv

In an age where connectivity is key, finding the right mobile provider is more critical than ever. It's come to my attention that Verizon will be raising their rates at the end of August, an all-too-common trend in today's market. Three years ago, I made a strategic switch to Spectrum Mobile. Not only did I evade the mounting costs that seem to plague this industry, but I also saw my monthly bill recently decrease by $30 from what already was a great rate ($90). This reduction came without any compromise in service quality. Admittedly, I was not always a proponent of Spectrum, but after experiencing consistent reliability and substantial savings, I've become an advocate for their services. If you're facing the conundrum of increasing expenses without added value, it might be time to evaluate alternative providers. The attached image aptly represents the frustration many feel with escalating costs. Let's strive to make informed choices and optimize our resources. #ConnectivityMatters #SpectrumMobile

S&P Global Ratings: Comcast and Charter's MVNOs are in a better position than smaller cable companies due to WiFi offload S&P analyst Chris Mooney said that, Charter Communications and Comcast are “better positioned than other cable providers" operating mobile services, primarily because of their respective wholesale mobile virtual network operator (#MVNO) agreements with Verizon. Comcast's MVNO Xfinity Mobile and Charter's Spectrum Mobile have the ability to limit how much their customers use the Verizon cell network and can better control costs and margins because of that. Both cable operators have robust #WiFi coverage in urban areas and can #offload wireless traffic accordingly. Because the two companies must pay variable fees to Verizon under the perpetual #wholesaleagreement, the more data they offload onto their own networks, the less expensive the MVNO costs are. Charter is offloading about 88% of mobile traffic onto WiFi, with Comcast even higher, at around 90% of traffic. But smaller cable operators, Mooney said, lack the resources to develop similarly competitive wireless services. Smaller MSOs are responding to the lost wireline broadband market share and revenue by trying to turn the tables and encroach on wireless' core business. But Mooney suggested that, given their inferior MVNO economics, the "modest" margins available to them on the wireless side won't match their lost home broadband profitability. Meanwhile, if Comcast and Charter focus on expanding their traffic offload and scale of coverage, Mooney believes that both cable giants could generate EBITDA margins as much as 15-20% in the next four years. https://lnkd.in/gTqpQg2e

T-Mobile and Verizon Communications, Inc. are in talks to buy parts of UScellular in separate transactions. T-Mobile is closing in on a deal to buy a chunk of U.S. Cellular for more than $2bn, taking over some operations and wireless spectrum licenses. Verizon's talks with the regional carrier is expected to take longer and might not result in an agreement. #MergersAcquisitionsDivestitures #Telecommunications #Mobile

Charter's MVNO added 486K mobile lines in Q1, while Comcast's MVNO added 289,000  Comcast's mobile virtual network operator (#MVNO) Xfinity added 289,000 wireless lines in the first quarter, an increase of 21% year over year. It now serves 6.9 million wireless customers. The company still has room to grow with only 11% of its broadband customers taking up the MVNO offer, so far. Comcast also touted its WiFi network of 23 million hotspots and says 90% of all its Xfinity mobile traffic is delivered over #WiFi, not cellular. https://lnkd.in/gFhE2Wcd Like its fellow cable competitor, Charter Communications also provide wireless services via its MVNO Spectrum. In Q1 it added 486,000 mobile lines, 200,000 fewer than the 686,000 mobile net adds in Q1 last year. Charter currently serves a total of 8.3 million mobile lines. It also offers Spectrum One, a bundle of home internet, mobile and WiFi services. Charter announced a 37.8% increase in mobile service revenue growth which came to $685 million. https://lnkd.in/ghtmxYiH 

Can you feel the impact of 5G yet? Yes! Case in point: 5G FWA. The three largest telecom companies in the United States, T-Mobile, Verizon, and AT&T, collectively gained almost 840,000 5G home internet subscribers in the fourth quarter of 2023. This surge in 5G home internet subscriptions is seen as a significant development, referred to as Cord Cutting 2.0, and is posing a real challenge to traditional cable providers such as Comcast and Spectrum. T-Mobile emerged as the leader among the three companies, adding 541,000 customers, while Verizon and AT&T added 231,000 and 67,000, respectively. In just two years, T-Mobile's rapid growth has made it a major internet service provider (ISP), ending the year with 4.8 million broadband customers. The increasing popularity of 5G home internet is attributed to its simple pricing, easy setup process, and running on excess wireless capacity, which doesn't incur significant additional costs for the carriers. Comcast's consistent quarterly decline in broadband subscribers serves as proof that this trend is worrying cable providers. The future momentum of 5G home internet service, including the potential for price increases and its impact on cable companies, remains a topic of interest and concern in the industry. The question is whether 5G home internet service can sustain its momentum and how it will impact cable companies in the future. #5g #wirelesscommunication #cable