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Verizon Wireless posts strong 3Q results; Continues to lead industry in growth.

Publication: RCR Wireless News

Publication Date: 31-OCT-05
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COPYRIGHT 2005 Crain Communications, Inc.

Byline: DAN MEYER

Verizon Wireless continued to dominate its competitors during the third quarter by adding more than 1.9 million net customers. The strong growth was a 15-percent improvement on the 1.7 million the carrier added last year and handily trumped the 969,000 direct customers added by Sprint Nextel Corp. and the 867,000 customers added by larger rival Cingular Wireless L.L.C.

With T-Mobile USA Inc. yet to report, the industry's three largest operators are slightly ahead of the 3.656 million direct customer additions posted during the third quarter of 2004, and analysts expect T-Mobile USA to match the 901,000 customers it added last year.

Verizon Wireless noted that it has added more than 7 million customers through the first nine months of this year and that it ended the third quarter with 49.3 million total subscribers. Cingular ended the third quarter with 52.3 million total subscribers, while Sprint Nextel served 38 million direct and 45.6 million total customers at the end of the quarter.

Verizon Wireless also reported that more than 1.6 million customers owned CDMA2000 1x EV-DO capable devices at the end of the quarter. The number includes the carrier's business-focused...

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