Verizon is now 4th largest long distance company in U.S., having ...
Verizon is now 4th largest long distance company in U.S., having just hit 5 million customer mark, Co-CEO Ivan Seidenberg said Mon. at Credit Suisse First Boston conference in N.Y. He said company was aiming for 6.4 million by…
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end of year as it gained Sec. 271 approval in more states. Current customer base includes former GTE states and N.Y. where it won Sec. 271 entry year ago. FCC action is expected soon on Mass. application, and Verizon plans to file applications for N.J. and Pa. soon, he said. Seidenberg also told investors that Verizon was on track to meet financial targets announced in Feb., including revenue growth in 8-10% range for year and similar gain in earnings per share. He said company’s predictions were conservative because they already factored in soft economy. On wireless side, company now has 27.5 million customers, with 50% of them using digital technology. Seidenberg predicted that regulatory environment would go through “enormous changes” with new Administration and new FCC Chmn. Powell. He said he expected Powell to go from old FCC’s habit of “managing market share and picking winners and losers” to “letting the marketplace pick winners and losers.”