8-KRegulation FD

VERIZON COMMUNICATIONS INC 8-K Report, Regulation FD Disclosure (Jan 9, 2013)

Filed January 9, 2013For Securities:VZ

Summary

This Form 8-K filing by Verizon Communications Inc. provides a business update from its President and CEO of Verizon Wireless, Dan Mead, delivered on January 8, 2013, in conjunction with the Consumer Electronics Show. The update focuses on Verizon Wireless's anticipated fourth quarter 2012 performance, highlighting key operational metrics that are important indicators of subscriber growth and customer engagement. Investors are provided with preliminary figures for retail postpaid net additions, total smartphone activations, and the growing prevalence of Apple smartphones within their activated devices. The report also touches on channel performance and a key financial metric, segment EBITDA service margin. While the company anticipates strong customer acquisition, the disclosed margin expectation suggests a slight pressure compared to the prior year's fourth quarter, which warrants attention.

Key Highlights

  • 1Verizon Wireless provided a Q4 2012 performance update on January 8, 2013.
  • 2Expected 2.1 million retail postpaid net additions for Q4 2012.
  • 3Anticipated 9.8 million total smartphone activations in Q4 2012.
  • 4Noted a higher mix of Apple smartphones among activations.
  • 5Reported stronger indirect channel performance in Q4 2012.
  • 6Q4 2012 segment EBITDA service margin is expected to be slightly lower than Q4 2011.

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