Verizon - additional information
Between 2000 and 2014, the number of mobile cellular subscriptions in the United States grew from 109 millions to 317.44 million. With a 34 percent market share and over 138 million subscribers during the fourth quarter of 2014, Verizon Wireless, a subsidiary of Verizon Communications, is the largest U.S. wireless communications service provider. The company also provides wireline services, but its wireless segment has become increasingly profitable, bringing in over 91 billion U.S. dollars in 2015. A breakdown of Verizon’s wireless revenue further shows that the company generated more than 70 billion U.S. dollars from retail services, as well as almost 17 billion U.S. dollars from its equipment segment.
An analysis of the worldwide wireless market shows that the United States came in second in a ranking of countries based on the average monthly revenue per mobile user (ARPU). As of the last quarter of 2015, Verizon scores slightly higher than the national average, with an ARPU of 48.95 U.S. dollars. In terms of the churn rate, an industry indicator which shows the percentage rate at which customers stop subscribing to a certain service, Verizon leads the U.S. market, with a rate of 1.23 percent in the last quarter of 2015.
As of 2016, Verizon is present in 150 countries around the world and employs almost 189 thousand workers. In 2015, the company reported overall revenues of 132 billion U.S. dollars, while its operating income stood at 33 billion U.S dollars.