Summary
Verizon Communications Inc. (VZ) filed an 8-K on October 5, 2012, to disclose new operational metrics for its Verizon Wireless segment. This update is being made in conjunction with the introduction of their "Share Everything Plans" and is intended to provide investors with a clearer view of how management assesses revenue generation within this key segment. The company is providing unaudited historical operational data for the previous ten quarters, making it accessible through an exhibit to this filing and on their Investor Relations website.
Key Highlights
- 1Verizon is introducing new metrics for its Wireless segment for Q3 2012.
- 2These new metrics align with how management views revenue from the Verizon Wireless segment.
- 3The change is related to the introduction of "Share Everything Plans".
- 4Verizon is providing 10 quarters of unaudited historical operational data for the Wireless segment.
- 5This historical data is intended to help investors evaluate the new metrics.
- 6The disclosed information is available as an exhibit (Exhibit 99) and on Verizon's Investor Relations website.